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Bank account without full credit check to use for switching
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thebritishbloke
Posts: 1,472 Forumite
I currently hold accounts with TSB, HSBC, Halifax and Nationwide. I'm looking to open one more account so that I can use the switch service to Co-Op and then First Direct (and stay with first direct for the 6% regular saver). Are there any current accounts I can open that won't require a hard credit search, either with my existing account providers or as a new customer?
Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
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Comments
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Probably a basic bank account I'd imagine0
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Why are you worried about a search?0
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I know that Barclays' basic account only requires an ID check, but you have to go in-branch to apply. I was moreso hoping if someone knew about an account that I can apply online for, or even easier if it's with one of my existing banks.Probably a basic bank account I'd imagineCredit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
Not so much worried, as I'd rather just avoid another search. I'll be switching it to Co-Op and then first direct straight away anyway, so there'll be two searches there. I've just had a fair few searches so far this year due to switching CC providers etc and I'd like to avoid anymore.Archi_Bald wrote: »Why are you worried about a search?Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
The number of searches on your credit files only matters if you are planning to apply for a mortgage, a big loan, a credit card with large limit or a big overdraft in the next 6-12 months. If you don't have any markers and no excessive credit on your credit history, there doesn't appear to be any problem with applying for several current accounts in a short space of time.
To give you an example, I have successfully applied for 6 current accounts (all with zero overdraft), a new credit card and a higher credit limit on an existing CC this year alone. I still keep getting guaranteed credit card offers from Halifax and Barclays.0 -
I didn't think current accounts would be too difficult to get just for having searches on record, I just sort of wanted to avoid having too many haha! I'll just grab a normal current account through someone I'm already with then, makes it nice and simple.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0
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