Can you open a new current account when you have so much debt?

Choppysocks

Hi,

I've read that if you are in debt with the same bank that your wages/savings go into that it is advisable to open a new bank account with a different bank.

How easy is this to do? I'm worried that I'll try to open one and look a fool if they turn me down due to my bad credit history?

Any experiences or advice is appreciated, thank you.

RAS

You need a new BASIC bank account with a company that has no financial link to your existing creditors. These do not require a credit check, but will not include any OD facility.

lindens

Try the co-op or Nationwide, they are good for people with debts or bankruptcy. Just a basic bank account with a cash point card.

Choppysocks

So I would just ask for a basic account? I'm with Halifax at the moment, any adivce as to a bank to go with?

I guess I can't open one online, I would have to go in with id etc..

lindens

I opened my nationwide one online when i had debts. still using it now, and with internet banking i can keep a beady eye on my spending and keep in control

Choppysocks

I'm going to look at the nationwide one now and see what I can do. Thank you

Choppysocks

Well I think I've just opened an account with nationwide :j done all the online forms and it states they will contact me in 5 days to confirm id.

daraya

We opened basic free account in Lloyds. We went to bank and open it same day, no problem at all. They wanted to give us overdraft and credit card:eek:

Yargo1

Thanks Choppysocks for this thread.. ive just opened one online with nationwide too.. says i will hear in five days.. so.. fingers crossed.. want to change banks so i can treat the overdraft with crapwest as a debt and pay bit off each month