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Basic Barclays Account - Intention To Upgrade
SpeedyBoots
Posts: 66 Forumite
Hiya all,
For just over a year I have had a basic Barclays bank account which has the main account and also a savings account attached to it (no overdraft, features, etc) because when I applied for the standard account I was rejected due to my poor credit.
Now, I am wishing to upgrade but I am under no illusions that they will not do this as I have had quite a few late/unpaid item fee's etc.
I am just wondering, is it a case of ensuring the above NEVER happens, and just applying every so often hoping they accept me at some point? Or does your whole credit history and your account behavior come into play?
Thanks again for your help folks.
SB
For just over a year I have had a basic Barclays bank account which has the main account and also a savings account attached to it (no overdraft, features, etc) because when I applied for the standard account I was rejected due to my poor credit.
Now, I am wishing to upgrade but I am under no illusions that they will not do this as I have had quite a few late/unpaid item fee's etc.
I am just wondering, is it a case of ensuring the above NEVER happens, and just applying every so often hoping they accept me at some point? Or does your whole credit history and your account behavior come into play?
Thanks again for your help folks.
SB
Speedy Boots
0
Comments
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It would depend on hoe many "glitches" you had on your account, personally if it was me, I would aim for 6 mths of proper banking and then try again.
xxx rip dad... we had our ups and downs but we’re always be family xx0 -
I think you're probably right mum2one.Speedy Boots0
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Even if you had no ''glitches'' etc there is no guarantee that Barclays would upgrade your account.
I would get copies of your credit reports and see if there is anything on there that would stop a new bank opening a full account for you.0 -
Yea I will be getting an updated version of my report very soon. Do banks look for how much money you have left in your bank at the end of the month etc?Speedy Boots0
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They will look at what your credit file says. This includes the balance on the account(s) at the end of a reporting month.0
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Thanks for that AB. Just got an updated credit report from Noodle, I'm in worse financial shape than I thought
Speedy Boots0 -
An unpaid item fee is a consolation prize - a missed opportunity to charge you a fortune for using your Reserve.
They'll see you as a lucrative customer, and they may think you'll be more lucrative if they give you a bit of rope.
They'll need to decide whether you're the sort to run up debts you can't pay, or whether you're just a bit careless.
I've paid enough late fees and overdraft charges in the past without ever being a default risk."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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