We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Will I be refused new bank account?
Carrie1983
Posts: 41 Forumite
I have decided I am going to swap back to Nationwide. I swapped to N/W from LTSB years ago, and then they closed our town's branch so I went back to LTSB, but I have had enough of them, and get nothing back! I want to go back to N/W, which is in the next town, but am concerned about another credit check and then just getting declined.
I am always in credit, keep up with repayments on things, have an OK income. My problem is I am being refused credit over and over (main reason is I have unused credit limits and also already have a high amount of debt - 11k)... I have wanted to get 0% or lower interest rate loans but cannot get them.
I want to get an account that will give me something back (the N/W will pay 5% interest for the first year on credit balances above a certain amount. But there are other good deals as well. Halifax (my mortgage provider as well), have a £100 swapping incentive, plus £5 per month if I am £750 in credit.
Any experience of either? Has anyone swapped whilst in the red, or is it better to stick with LTSB?
I am always in credit, keep up with repayments on things, have an OK income. My problem is I am being refused credit over and over (main reason is I have unused credit limits and also already have a high amount of debt - 11k)... I have wanted to get 0% or lower interest rate loans but cannot get them.
I want to get an account that will give me something back (the N/W will pay 5% interest for the first year on credit balances above a certain amount. But there are other good deals as well. Halifax (my mortgage provider as well), have a £100 swapping incentive, plus £5 per month if I am £750 in credit.
Any experience of either? Has anyone swapped whilst in the red, or is it better to stick with LTSB?
November 1st 2013
Lloyds TSB Mastercard: £5800 making minimum payments plus monthly overpayment between £100 and £300
Virgin (MBNA) on 0%: £5658 making minimum payments at 1%
Snowball calculator predicts a debt free date of December 2015 :j
Lloyds TSB Mastercard: £5800 making minimum payments plus monthly overpayment between £100 and £300
Virgin (MBNA) on 0%: £5658 making minimum payments at 1%
Snowball calculator predicts a debt free date of December 2015 :j
0
Comments
-
your branch will be either lloyds or tsb now,tsb will be sold off next year0
-
Mine is now Lloyds. Still as rubbish as it was before.
November 1st 2013
Lloyds TSB Mastercard: £5800 making minimum payments plus monthly overpayment between £100 and £300
Virgin (MBNA) on 0%: £5658 making minimum payments at 1%
Snowball calculator predicts a debt free date of December 2015 :j0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards