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Opening a new bank account
kazybaby0141
Posts: 70 Forumite
Hi there, I had defaults to Bank of Scotland from 2005, I was trying to open another account, as I did have a good record before the defaults. Will they still have this on record, Thanks Pat
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Comments
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They stay on record for 6 years after closing the account though most will only actually look at the last 5-6 years of activity with the focus being on the last few years0
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Did you pay off the debts? If not, you'll always be at risk of them digging out the archives, discovering your debts, and swiping the money you owe them."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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