We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Declinrd for business bank account- 2 Lowell Defaults
Options

gunner786
Posts: 266 Forumite


Hi.
Been refused for business bank accounts for my ltd company due to 2 defaults on my credit report. Both total £600 and are by lowell.
I have been reading about it but still dont know how to go about it. If i pay them off the default will still remain on my file and still i might not be able to open a bank account. The defaults are only 1 year old.
Any help will be much appreciated.
Or even if i set up a payment plan with them will that help?
Been refused for business bank accounts for my ltd company due to 2 defaults on my credit report. Both total £600 and are by lowell.
I have been reading about it but still dont know how to go about it. If i pay them off the default will still remain on my file and still i might not be able to open a bank account. The defaults are only 1 year old.
Any help will be much appreciated.
Or even if i set up a payment plan with them will that help?
0
Comments
-
Can still open a basic business account; mycashplus is pretty good. No credit checks0
-
Hi
The mycashplus account is a good suggestion. You might find it useful to discuss your options with my colleagues at Business Debtline.
www.businessdebtline.org
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
This is ny experience with cashplus.
They have robbed me nearly £3000
https://forums.moneysavingexpert.com/discussion/54352450 -
If i pay the defaults fully will i then be able to open a high street bank account?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.2K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards