Turned down for A&L Premier Direct Current Account - what do I do now?

[Deleted User]

I have an OD of £2K which I have no chance of paying off for a long time to come (about £18K of credit card debt).

I have just been turned down for an Alliance & Leicester Premier Direct Current Account, which offers 0% interest on an OD for 1 year.

My question is, based on the fact I have just been turned down for the A&L current account, will I be accepted for a credit card with a 0% BT interest / low life of the balance card? (I am currently paying a £7 a month charge for my current account plus £25 interest per month).

If not, what other current account can I get that is cheaper than the one I have now (Lloyds TSB select account)?

arrowsmith

Don't think that you will get an account much better.

I don't know the position you are in but how about trying to get some extra income, an additional job, super market work or perhaps even helping people out, gardening etc.

jamiec_3

The A&L Premier Current Account only offers a matching overdraft limit to your existing current account if in the past few months you have been in credit, otherwise you will get the default £450 overdraft limit so it doesn't seem as if this account would have been right for you anyhow.

themaccas

We were initially turned down in June this year but I wrote and appealed and we were accepted. It is worth phoning them and seeing if you can do this.

magentadreamer

You could try appealing the decision, but given that you have £20K worth of debt I can't see them giving you an account. Are all your payments etc up to date? As this will be taken into consideration, when they come to any decision.

magentadreamer

You could try appealing the decision, but given that you have £20K worth of debt I can't see them giving you an account. Are all your payments etc up to date? As this will be taken into consideration, when they come to any decision.

magentadreamer

You could try appealing the decision, but given that you have £20K worth of debt I can't see them giving you an account. Are all your payments etc up to date? As this will be taken into consideration, when they come to any decision.

Voyager2002

I think you should thank A and L for saving you future problems. I have had an account for about a year, and they do make mistakes more often than other banks. And when you have so much debt, a missed payment (not your fault) can trigger penalties and all sorts of trouble.

I suggest that in the first instance you look for a bank that is reliable. And no-one is going to give you 2,000 pounds interest-free (the A and L offer only went up to 1,000, and then only if you used their switching service, and their switching service makes so many mistakes that it would have been a disaster for you). Check out First Direct and Smile, because they usually get things right.