Rejected for Nationwide FlexPlus

ujjain

I have a Lloyds Bank account since March 2014 when I moved to the United Kingdom. Last week I applied for a FlexPlus account, but I was rejected because of a bad credit score and was given a FlexAccount, which I don't even want.

Does opening and directly closing a bank account affect your credit score? Because I am a bit upset of been having given something I did not at all request.

Also I wonder why I was rejected for a bank account that requires me to pay £10 monthly when I have a very good salary, no debts and require no credit at all.

chanz4

it maybe the o/d part

ujjain

o/d part? What does that mean?

ryan92

ujjain wrote: »

o/d part? What does that mean?

O/D means Overdraft.
In my experience with Nationwide, when I tried to apply for a FlexPlus I was declined so I then attempted to 'upgrade' my existing NW account which was a FlexDirect account and I was successful. When you have your account opened, try going doing that route and you might be in luck

thebritishbloke

ryan92 wrote: »

O/D means Overdraft.
In my experience with Nationwide, when I tried to apply for a FlexPlus I was declined so I then attempted to 'upgrade' my existing NW account which was a FlexDirect account and I was successful. When you have your account opened, try going doing that route and you might be in luck

I'd try this.

It could be something to do with the insurance products that are offered not being available unless you've been in the UK for a certain length of time? That's the only other thing I could think of.

ujjain

I called my current bank, Lloyds, to ask if I can get a credit card to build credit history and they said by phone that my credit rating is not good enough for that.

So I guess I'll have to find out via Experian what's wrong. Experian doesn't seem like the most honest business with their free 1 month trial marketing, then you're stuck for a month if you don't cancel on time and you can't directly say you don't want auto-extension after application because you still have to send proof of address, id verification.

I have been in the UK for 6 months and only applied Friday for the electoral college, so who knows that's why I was rejected at Nationwide and Lloyds said I shouldn't even bother trying getting a credit card. I guess I could take a 35% Barclays credit card, but I don't want to have bank products at so many different banks, e.g. now I don't apply for the FlexISA saver and Lloyds only pays 1%, instead of 1.25. But I'll wait for my Experian report, I'm very curious.

thebritishbloke

ujjain wrote: »

I called my current bank, Lloyds, to ask if I can get a credit card to build credit history and they said by phone that my credit rating is not good enough for that.

So I guess I'll have to find out via Experian what's wrong. Experian doesn't seem like the most honest business with their free 1 month trial marketing, then you're stuck for a month if you don't cancel on time and you can't directly say you don't want auto-extension after application because you still have to send proof of address, id verification.

I have been in the UK for 6 months and only applied Friday for the electoral college, so who knows that's why I was rejected at Nationwide and Lloyds said I shouldn't even bother trying getting a credit card. I guess I could take a 35% Barclays credit card, but I don't want to have bank products at so many different banks, e.g. now I don't apply for the FlexISA saver and Lloyds only pays 1%, instead of 1.25. But I'll wait for my Experian report, I'm very curious.

You're not stuck with the free trial at all. Your 1 month trial only starts once your account is properly opened, and you can cancel it at any time by phoning them up.

Electoral college? Do you mean the electoral roll? You'll struggle to get accepted for any credit products without being on the electoral roll. Once you're successfully on that, just wait 6 months and then try and get a credit card again. There's nothing wrong with a high interest card, so long as you pay it in full every month.

ujjain

I have my credit report, it's basically completely empty with 1 useful detail, that I am not registered for the electoral college.

My friend is in the same situation, also came to the UK 6 months ago, but when he visited Nationwide he was said that almost nobody is rejected for FlexPlus.

It does not even include me paying my rent, nor does it include my bank account at Lloyds Bank, which I wish could show that I've been able to save quite a bit every month. Experian says that it's probably because of companies that I pay, don't report it to Experian but use a different credit agency.

I also see 2 Experian searches, rather than 1 on my Experian report, I got 2 different credit reports, with different passphrases and they're even slightly different. Experian informed me that nobody can see how often I request my credit score for £2.

thebritishbloke

ujjain wrote: »

I have my credit report, it's basically completely empty with 1 useful detail, that I am not registered for the electoral college.

My friend is in the same situation, also came to the UK 6 months ago, but when he visited Nationwide he was said that almost nobody is rejected for FlexPlus.

Almost being the key word there.

It does not even include me paying my rent,

And it never will. The only things that show on your credit report are credit facilities where you are borrowing money.

nor does it include my bank account at Lloyds Bank, which I wish could show that I've been able to save quite a bit every month.

You can ask Lloyds to give information to Experian etc, but it won't show how much money you've saved, it will only show if you have used your overdraft (if you have one)

Experian says that it's probably because of companies that I pay, don't report it to Experian but use a different credit agency.

I also see 2 Experian searches, rather than 1 on my Experian report, I got 2 different credit reports, with different passphrases and they're even slightly different. Experian informed me that nobody can see how often I request my credit score for £2.

This is true, those are just there so that you can see who's been trying to access your report.

If you received 2 different credit reports when trying to get the £2 one, complain to Experian and they'll refund the extra £2 you've been charged.