friend cant open ANY bank account

single_lonely

An aquintance at work cant open ANY bank account.
Not the current accounts or any BASIC accounts without overdrafts etc.

what do i suggest she does.
she applies for banks and then they write back saying they hold information against her and she cant open one for her (but they cant tell her that information!!!)

CLAPTON

obviously she has checked her credit records..what do they show?

Stuart_W

Is she able to open / does she have a simple savings account? If even this is not accepted, it suggests the reasons may be to do with links to suspected fraud or inappropriate financial activity linked to the name, rather than just a poor credit score.

Incorrect information can get into the system so it is worth her while getting to the bottom of why she is being refused. Has she previously had such accounts?

If no banks will touch her, a local credit union may be a place to start.

notts_phil

I would suspect she has a CIFAS warning on her credit file.

MoneySaverLog

notts_phil wrote: »

I would suspect she has a CIFAS warning on her credit file.

I would think so too, that would be the only reason a bank would refuse a basic account

jalexa

single_lonely wrote: »

she applies for banks and then they write back saying they hold information against her and she cant open one for her (but they cant tell her that information!!!)

Read this...
http://www.cifas.org.uk/what_are_my_rights

izools

Yep, CIFAS.

The banks will have told her to check her credit file. Therefore, she should do this. if she orders her Experian file by post, they enclose a leaflet explaining how to read the file. She really needs to sit down, open minded, having faith in herself that she can understand it, and read the guide from cover to cover several times then reading over her credit file.

It will then become clear what point(s) are holding her back.