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2 Bank Accounts - Credit Report
DebtFreePlanning
Posts: 30 Forumite
Hi all,
Might be a silly question here, but I was wondering if having more than 1 bank account could reflect negatively on a Credit Report? The reason that I ask, is I am currently trying to take greater control of my finances, as I aim to repay all of my existing debts and eventually rebuild/repair my Credit Rating. I looked on my Report yesterday, and I have 2 open Bank Accounts on there. I should stress that neither of them have any Debts linked as I do not have any overdrafts etc, but I just wondered if it would potentially reflect badly, having more than 1 open Bank Account?
Might be a silly question here, but I was wondering if having more than 1 bank account could reflect negatively on a Credit Report? The reason that I ask, is I am currently trying to take greater control of my finances, as I aim to repay all of my existing debts and eventually rebuild/repair my Credit Rating. I looked on my Report yesterday, and I have 2 open Bank Accounts on there. I should stress that neither of them have any Debts linked as I do not have any overdrafts etc, but I just wondered if it would potentially reflect badly, having more than 1 open Bank Account?
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Comments
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It wouldn't affect your credit history, no-I've got five current accounts open (with no overdrafts) and it's not caused me any problems.
It also comes in handy when switching incentives are out there!It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.0 -
Perfect - thanks for your reply, much appreciated0
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