14 months post discharge and i've just been declined a current account.

scarecrow_2

I declared myself bankrupt in december 05 with a personal debt of 19k, mostly owed to lloyds tsb, I was discharge at 6 months so have been free for 18 montsh or there abouts. I have had a Barclays Cashcard for a couple of years and it has served me well however i need to start rebuilding my credit score and taking responsibility for my own finances, direct debits and phone bills etc so i need to upgrade my account.. this was declined by barclays this morning as apparently my score is to low. I didnt appeal as didnt want another black mark againts my credit file, the manager said in her opinion that appealing would have been a pointless exercise anyway and maybe i should apply for a credit card.. i said no, been there and done that etc etc.

How can i move on with my financial life, is it possible to rebuild my credit score without a current account or is there a guarenteed way of getting one so that i dont have another denial on my file.

tigerfeet2006

Check out the bank accounts for bankrupts sticky at the top of the front page. Co-op offer an account with an Electron card and facilities for DD's. That should get you on the road.

Have you checked your credit references with the 3 agencies to check all the debts have been marked satisfied from the bankruptcy?

scarecrow_2

I did check with experian last year but no-one else, i didnt think i would have to really ?

Just spotted the list at the top, thanks ! i'll see if there is a co-op anywhere locally.

tigerfeet2006

You can apply for the Co-op one online or by phone and if there isn't a branch locally to put money in etc then you can do so at the post office.

It is worth checking all 3 agencies as they will hold diffrent records and diffrent people check different angencies.

tight_jock

Just for informationreally...we went to upgrade to a current account at Barclays and were told that they only use Experian as a reference agency...


...we were declined too so will plod on with the basic cardcash for the time being

scarecrow_2

I ahev just managed to open an account with Co-op with a electron card and a direct debit facility over the phone !

Fantastic !

Jock, maybe you should try that ?

Thank you for your help

liverpoollad75

I was made bankrupt on 24th Feb 06 and discharged 6 months later, on the day i went bankrupt I was interviewed and the official receiver told me to go to the co-op and open a bank account which I did best thing I ever did the co-op account is brill and great online service too. The customer service is great and is in the UK too:beer: