Why can't I get a full Current Account with RBS?

stclair

Have you checked your equifax report?

If you have a clear credit file on both experian and equifax on your next application you may want to appeal.

I would recommend opening your account in branch rather than online so the branch can help you with your appeal.

The 4 the bank was referring too is very good in RBS Group Terms. The risk bands go from 10 - 1, 10 being the worst and 1 being the best.

The thing is with basic accounts you can not upgrade they have to be completed a new application.

jen245

You probably could have got a better account. Run your cash account for 6 months then apply for an upgrade, you can do this online or in branch. I plan on doing this myself at some point

knightfox

stclair wrote: »

Have you checked your equifax report?

If you have a clear credit file on both experian and equifax on your next application you may want to appeal.

The 4 the bank was referring too is very good in RBS Group Terms. The risk bands go from 10 - 1, 10 being the worst and 1 being the best.

The thing is with basic accounts you can not upgrade they have to be completed a new application.

Whilst I am not bad. Can you tell us how to get a 1.

EltonJohnFan

Hi everyone,

Thank you so much for the really great advice I'm getting, want you to know that it means a lot to me I'm thinking about doing an online application just now so I can see what happens and Jen? if I'm turned down for that then I too will be joining you at Lloyds TSB in six months to talk about that upgrade to my account

jen245

Id like to know too as my main account is with natwest, and I have been oh so good:A

EltonJohnFan

stclair wrote: »

Have you checked your equifax report?

If you have a clear credit file on both experian and equifax on your next application you may want to appeal.

I would recommend opening your account in branch rather than online so the branch can help you with your appeal.

The 4 the bank was referring too is very good in RBS Group Terms. The risk bands go from 10 - 1, 10 being the worst and 1 being the best.

The thing is with basic accounts you can not upgrade they have to be completed a new application.

Hi,

I really appreciate this information, could you go one better and give me a rundown about what each score means? Could you give me a better idea of what the number 4 actually stands for if possible? I've heard this mentioned a lot of times in my dealings with the bank and they've always wanted me to upgrade to a Royalties account or preferably the Royalties Gold. I haven't actually done an Equifax report, just the Experian as that told me all I wanted to know and put my mind at rest in knowing there's nothing wrong with my financial records and no fraud etc has been commited using my details. I spoke with an advisor in branch just after I was declined last time and the young lady said that they must take into consideration my credit report if I give them a copy of this and she said that if I'd done that and it showed there was nothing negative there then I'd almost certainly have been accepted.

jen245

Good luck eltonjohnfan!

knightfox

EltonJohnFan wrote: »

Hi,

I really appreciate this information, could you go one better and give me a rundown about what each score means? Could you give me a better idea of what the number 4 actually stands for? I've heard this mentioned a lot of times in my dealings with the bank. I haven't actually done an Equifax report, just the Experian as that told me all I wanted to know and put my mind at rest in knowing there's nothing wrong with my financial records and no fraud etc has been commited using my details.

the 4 must be good / average

what i have been told by friends if you go towards the 8 - 10 then the account use to be looked after by a special section.

EltonJohnFan

jen245 wrote: »

Good luck eltonjohnfan!

And good luck to you also

stclair

Its just a behaviour score of how your account has been managed.

Its better than mine its a 5 at the moment ;-)

Bare in mind that different CRAs hold different data so it might be worth you checking out your Equifax report too.