Declined for YBS Cash Transactor Account!!

YorkshireBoy

bradztheman wrote: »

Surely my credit report isnt lying when it says there are no cifas markers.

Do you realise there are 3 CRAs?


Have you checked all 3?


You need to start writing to all these institutions, asking why they've declined you. Hopefully one of them will give you a clue!


Did YBS have sight of your discharge papers?...because if I remember correctly your CRA report(s) still show you as an undischarged bankrupt?

bradztheman

YorkshireBoy wrote: »

Do you realise there are 3 CRAs?


Have you checked all 3?


You need to start writing to all these institutions, asking why they've declined you. Hopefully one of them will give you a clue!


Did YBS have sight of your discharge papers?...because if I remember correctly your CRA report(s) still show you as an undischarged bankrupt?

No, ybs didnt have or see my discharge papers,
It shouldnt matter when applying for a savings account, as they APPARENTLY dont do a credit check, although i think they do!

YorkshireBoy

bradztheman wrote: »

No, ybs didnt have or see my discharge papers,
It shouldnt matter when applying for a savings account, as they APPARENTLY dont do a credit check, although i think they do!

From the Money Advice Service website (and referenced from the YBS website)...

Please note that if you are an undischarged bankrupt, meaning you are probably within the first year of a bankruptcy order having been made, at present your basic bank account option is limited to Barclays.


https://www.moneyadviceservice.org.uk/en/articles/basic-bank-accounts

...so if your CRA file shows you are still not discharged you may as well stop applying for current accounts...and the YBS Cash Transactor *is* a pseudo current account...a pseudo basic bank account.

BonkersBonkers

bradztheman wrote: »

No, ybs didnt have or see my discharge papers,
It shouldnt matter when applying for a savings account, as they APPARENTLY dont do a credit check, although i think they do!

They will search for bankruptcy. If the CRA 's are showing you still as bankrupt then you will continue to be declined.

bradztheman

BonkersBonkers wrote: »

They will search for bankruptcy. If the CRA 's are showing you still as bankrupt then you will continue to be declined.

The cra's show me as discharged

BonkersBonkers

bradztheman wrote: »

The cra's show me as discharged

So Yorkshireboy's post from yesterday is incorrect?

bradztheman

BonkersBonkers wrote: »

So Yorkshireboy's post from yesterday is incorrect?

I thought the cash transactor was a savings account??

And it doesnt say anything about a credit check :-s

No other discharged bankrupts have reported that they have been declined either :-s

I find it strange that natwest or ybs both savings accounts cant discus why ive been declined either :-s

YorkshireBoy

bradztheman wrote: »

I thought the cash transactor was a savings account??

You can set up SOs and pay DDs. Like I said, it's a pseudo basic bank account.

And it doesnt say anything about a credit check :-s

They say they'll make enquiries to verify your ID. Like I've told you before, they do this by making an unrecorded enquiry of your CRA file(s) which will reveal 'public information' such as bankruptcy, CCJs, CIFAS markers, ER status, linked addresses, etc.

No other discharged bankrupts have reported that they have been declined either :-s

In the whole of the UK?...or from a quick scan of these boards?


Maybe I haven't kept up, but very recently you said the CRAs had you down as undischarged. But you're now saying that they (all three of them, and despite the Xmas holidays) have you down as discharged?


You seem to have dodged the question above, so here it is again...requiring a simple yes/no reply...


Do Experian, Equifax, and CallCredit all show you as a discharged bankrupt?


And did they at the time of the YBS application/CRA search?

I find it strange that natwest or ybs both savings accounts cant discus why ive been declined either :-s

The YBS Cash Transactor account is, technically, a basic bank account. I seem to remember that NatWest (or RBS [same group]?) were one of the creditors listed in your bankruptcy? I also seem to remember that your bankruptcy was showing as undischarged when you applied (and were subsequently declined) for their savings account.

It's all a bit cloudy isn't it?

Gromitt

bradztheman wrote: »

I find it strange that natwest or ybs both savings accounts cant discus why ive been declined either :-s

Have you sent off your SARs yet?

pmduk

For info, Natwest/RBS are totally unconnected with YBS.