student accounts and bad credit

metalgal

Im starting uni in a week and have been trying to open a student account with santander for about 6 weeks due to them constantly losing things..long story but :mad::mad::mad:

Anyway i decided to go with santander as i already had an account with them, (alliance leicester current acc with 100 o/d) however i do have bad credit due to being made redundant last year and a few things weren't paid for a couple of months, (car finance and catalogue) and after me running round after santander they decided to tell me today i have been refused. I applied then with the co-op and in 15 mins was refused again due to my credit score. this !!!!ed me off but slightly less than santander after waiting and waiting and sending them documents 4 times.

So am i not going to get a student account with bad credit? i don't want a massive overdraft maybe slightly more than i have now as a buffer i just want my overdraft to be free. is there anyone else out there with bad credit who has been able to get a student account? Any recommendations?

Wiggynut

metalgal wrote: »

Im starting uni in a week and have been trying to open a student account with santander for about 6 weeks due to them constantly losing things..long story but :mad::mad::mad:

Anyway i decided to go with santander as i already had an account with them, (alliance leicester current acc with 100 o/d) however i do have bad credit due to being made redundant last year and a few things weren't paid for a couple of months, (car finance and catalogue) and after me running round after santander they decided to tell me today i have been refused. I applied then with the co-op and in 15 mins was refused again due to my credit score. this !!!!ed me off but slightly less than santander after waiting and waiting and sending them documents 4 times.

I ended up with bad credit history because I had a credit card (who I never missed a payment or went over the limit with ) who decided to call in a debt collection.. .I paid it off within months - if they are that strange then I'd rather get rid and no credit card so I didn't mind but it put a dent in my credit history... couldn't get anyother credit afterwards but I applied for natwest student account and got it with full overdraft!
some accounts are very fussy... some of the top students accounts ie: highest free overdraft.. most do not get those accounts or the full overdraft but I've heard of a few people being able to get the other student accounts... ie: natwest and one other... can't remember the name of hand... but not halifax to my knowledge.
keep applying - you might not get the overdraft until the term starts but as I said I had bad credit yet they gave me the student account with no hassles.. unless banks are getting more nervous with the economic climate... got mine in 2008!

good luck

So am i not going to get a student account with bad credit? i don't want a massive overdraft maybe slightly more than i have now as a buffer i just want my overdraft to be free. is there anyone else out there with bad credit who has been able to get a student account? Any recommendations?

metalgal wrote: »

Im starting uni in a week and have been trying to open a student account with santander for about 6 weeks due to them constantly losing things..long story but :mad::mad::mad:

Anyway i decided to go with santander as i already had an account with them, (alliance leicester current acc with 100 o/d) however i do have bad credit due to being made redundant last year and a few things weren't paid for a couple of months, (car finance and catalogue) and after me running round after santander they decided to tell me today i have been refused. I applied then with the co-op and in 15 mins was refused again due to my credit score. this !!!!ed me off but slightly less than santander after waiting and waiting and sending them documents 4 times.

I ended up with bad credit history because I had a credit card (who I never missed a payment or went over the limit with ) who decided to call in a debt collection.. .I paid it off within months - if they are that strange then I'd rather get rid and no credit card so I didn't mind but it put a dent in my credit history... couldn't get anyother credit afterwards but I applied for natwest student account and got it with full overdraft!
some accounts are very fussy... some of the top students accounts ie: highest free overdraft.. most do not get those accounts or the full overdraft but I've heard of a few people being able to get the other student accounts... ie: natwest and one other... can't remember the name of hand... but not halifax to my knowledge.
keep applying - you might not get the overdraft until the term starts but as I said I had bad credit yet they gave me the student account with no hassles.. unless banks are getting more nervous with the economic climate... got mine in 2008!

good luck

.............

crystyl

Hi sorry I can't give any constructive advise as I am in a similar position as you - although I am going into my second year.

I just have a normal bank account - no bells or whistles or any other 'benefits' that other students may have. At the end of the day the way I figure it is that I will be in enough debt when I finish so to not add another couple of thousand to the debt may be a blessing :A

Sorry I couldn't be of much more help - just understand your fraustration.

RoseRed

I'm the same as crystyl, I decided to try and reduce debt and never even bothered trying for a student account as I assumed I would be turned down.

Maybe if you keep your record clean for the next year Santander may be willing to give you a student account going into your second year?

Good luck for Uni, I'm super excited and a wee bit nervous. x