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Basic bank account effect on score

2

Comments

  • twhitehousescat
    twhitehousescat Posts: 5,368 Forumite
    1,000 Posts Third Anniversary Name Dropper
    edited 26 January 2019 at 10:57PM
    basic bank account as shown in noddle

    at present there is over £300 in the account

    bank.jpg
  • moatmeister
    moatmeister Posts: 332 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    I had a barclays one for a bit. Cant remember if it was on my credit file but when i went into the branch to upgrade it after a few months they told me the history and management of it didnt count in their internal scoring systems
  • PRAISETHESUN
    PRAISETHESUN Posts: 4,978 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    My previous Santander Basic account was recorded on my credit file, alongside the top up debit card as a separate account (ie. 2 entries on my credit file). Having no access to an overdraft however meant that they were simply reported as a £0 balance that was always paid in full
  • UsetheFORCE
    UsetheFORCE Posts: 688 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    I have two Natwest Current Accounts, one basic (foundation) and one standard (select).

    On my credit file, one is listed as a BASIC CURRENT ACCOUNT and the other is listed as CURRENT ACCOUNT.

    My Nationwide Flexbasic is also listed as a BASIC CURRENT ACCOUNT.

    I have now closed both that are listed as such!

    UsetheFORCE
    I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.

    Don't rely on anything I write as it may be wrong!!!
  • stehouk
    stehouk Posts: 413 Forumite
    Sixth Anniversary 100 Posts
    edited 31 January 2019 at 8:55AM
    On the credit club (experian) report they have split the accounts up now, one headed current accounts and another headed basic accounts

    I don't know if this would be shown on a search, could this be detrimental to an application if the only account you had was a basic account ?

    It doesn't affect me personally but iv'e only recently noticed the change.
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Well both my basic BOS account and Monzo account DO NOT appear on my credit file.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    beany_bot wrote: »
    Well both my basic BOS account and Monzo account DO NOT appear on my credit file.
    Are you checking against all three CRAs?
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    Willing2Learn wrote: »
    Are you checking against all three CRAs?
    No, just clearscore (Equifax). The other two want money from me to do it!
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Willing2Learn
    Willing2Learn Posts: 6,294 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    They are all free. Clearscore is Equifax. If you want Experian you go via MSE Credit Club. And for TransUnion you go to Noddle :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • System
    System Posts: 178,376 Community Admin
    10,000 Posts Photogenic Name Dropper
    edited 31 January 2019 at 10:53AM
    Willing2Learn wrote: »
    They are all free. Clearscore is Equifax. If you want Experian you go via MSE Credit Club. And for TransUnion you go to Noddle :)
    OK, checking noodle I can now see Monzo and BOS!!
    Alarmingly I can also see TSB and Santander bank accounts I have no knowledge of having!?! They both say £0 and are in good standing. I must have opened them over a decade ago. Shall I leave them be?
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
This discussion has been closed.
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