bad credit rating and can't open a second nationwide debit card account

dave030445

colsten wrote: »

You have probably misunderstood, there is generally no problem with applying for, and running, many current accounts. It just seems to be advisable not to apply for too many current accounts if you are planning to apply for a mortgage in the next 6 or so months.

hi thanks why is it not advisable to apply for too many current accounts if you are planning to apply for a mortgage in the next 6 or so months.

colsten

Because you could be seen to be somewhat desperate for unsecured credit - not a good state to be in if you want a mortgage.

dave030445

if i go in to the bank and applie for a 2nd account and get declined could they take the account ive got now of me

colsten

most unlikely, unless you have a dreadful credit history and/or become abusive to their staff. Though they might try to sell you some stuff that you don't want, be prepared for that.

I still don't understand why you don't go to another bank for a second account, especially after you have already been declined an application at Nationwide.

dave030445

Ok thanks you have been really helpful. For some reason i like all my eggs in one basket (nationwide) then open different products under the same roof. What stuff might they try and sell me?

GingerFurball_2

dave030445 wrote: »

But why do they let you go into an overdraft. As a customer you cant really moan if the money not there you payment didn't get paid. But putting me overdrawn i would be very angry.

Some customers do moan for that exact reason.

pmduk

dave030445 wrote: »

Ok thanks you have been really helpful. For some reason i like all my eggs in one basket (nationwide) then open different products under the same roof. What stuff might they try and sell me?

There are two main reasons why many users on this forum generally recommend not having all your dealings in one bank.

Firstly if your relationship with that bank hits the rocks for some reason (not necessarily of your making) there's another account ready to use.

Secondly if your main bank has technical problems you still have access to the banking system..

Consumerist

Banks allow or reject unauthorised overdrafts according to how much money they can make out of you in charges. If they can charge more by allowing the overdraft then that is what they will do. You, the customer, have no control over the decision except by not going overdrawn.