Opening an extra account with same bank but declined

bluezone

Hi all,

When I went bankrupt (july 06) I opened up on line a natwest step account. In Jan this year I opened up a savings account online with natwest with no problems.

Today I tried to open up an additional step/and or savings account but this time joint for BF and me but was declined cos of me being bankrupt. The gumpf on the screen said I can open an account until I'm discharged - which is ok I suppose as its only just over a month to go but I am puzzled as to how I have been able to already have 2 accounts with them with no problems?

allofadither

bluezone wrote: »

Hi all,

When I went bankrupt (july 06) I opened up on line a natwest step account. In Jan this year I opened up a savings account online with natwest with no problems.

Today I tried to open up an additional step/and or savings account but this time joint for BF and me but was declined cos of me being bankrupt. The gumpf on the screen said I can open an account until I'm discharged - which is ok I suppose as its only just over a month to go but I am puzzled as to how I have been able to already have 2 accounts with them with no problems?

Maybe the number of accounts is the issue here, not necessarily the BR. But then again banks are a law unto themselves and they do alter terms and conditions on a regular basis. Perhaps you will have to venture into a branch :eek:

CLAPTON

dont know your details but just to add, if you open a joint current account with the BF, he is likely to be considered as being financially linked to you and so will have his credit rating adversely affected.

bluezone

so shall I just wait until I have been discharged until I venture into this any further?

NekoZombie

Taking into consideration that your finances will be linked I'd say not at all - even after your discharge you'll still have a poor rating for up to six years until the bky drops off. Of course, just my opinion.

NekoZombie

Infact, just found Martin's advice on the subject:




#Marriage doesn't hurt, joint finances does. Simply marrying or living with someone with a bad credit score shouldn't impact your finances, as recent changes means third-party data (i.e. someone else's info) doesn't appear on your file.

Yet if you're 'financially linked' in any product, it can have an impact. Even just a joint bills account will mean you are co-scored. If one partner has a poor history, keep your finances rigidly separate, and it should maintain access to good credit for the other. As a note, there's no such thing as a ‘joint' credit card; technically it's one person's account and the other just has access to it.

If you split up with someone you've joint finances with, once the accounts are separated, always write to the credit reference agencies and ask for a notice of 'disassociation', to stop their credit history affecting yours in the future.

wherediditallgo

How right you are, Neko. When I split from my partner, some debts were definitely down to me but a fair bit was down to his spending. Although we had one joint credit card, I was hit far more badly by a joint bills account that I had to keep pumping money into - he took money out as fast as I put it in, & but for me finally catching on some bills wouldn't have ever got paid. I don't know if I'll ever meet someone else, as he damaged my ability to trust as much as anything else, but if I do I'll never I have a joint account or card again.