Can't open basic bank account

[Deleted User]

addwbkdag wrote: »

So what is it based on?

The score is "made up" by the CRA's as to how they envisage a lender would view you - although every lender is different so it's nowhere near remotely accurate.

Lenders look at your history- account conduct, payments, defaults, searches etc etc

abz88

Have you tried opening a student account? If you only work cash in hand, what salary are you stating you have when applying?

addwbkdag

abz88 wrote: »

Have you tried opening a student account? If you only work cash in hand, what salary are you stating you have when applying?

Yeah I have, also declined!
I state how much cash I would be putting in

addwbkdag

!!! wrote: »

The score is "made up" by the CRA's as to how they envisage a lender would view you - although every lender is different so it's nowhere near remotely accurate.

Lenders look at your history- account conduct, payments, defaults, searches etc etc

Ahh, so there is no time frame for my score to start looking good again ?

addwbkdag

boo_star wrote: »

Because they have to offer at least basic bank account facilities to people nowadays?

I suspect the OP will have to apply in-branch and they should be offered a basic account when they fail the credit check for a full-fat one.

I've been in branch and applied, initially it is accepted then after 2 days max they decline it and some banks dont even offer the basic bank account after this

abz88

addwbkdag wrote: »

Yeah I have, also declined!
I state how much cash I would be putting in

When you say you state how much cash, do you state this as your income (average cash amount a month x 12) or just that you are making an initial deposit? It could be you are getting declined as stating you have no income?

[Deleted User]

addwbkdag wrote: »

Ahh, so there is no time frame for my score to start looking good again ?

No - but who are you wanting it to look good for?

It's for entertainment purposes for you only

addwbkdag

!!! wrote: »

No - but who are you wanting it to look good for?

It's for entertainment purposes for you only

Well in the future, potentially for a mortgage ?

addwbkdag

abz88 wrote: »

When you say you state how much cash, do you state this as your income (average cash amount a month x 12) or just that you are making an initial deposit? It could be you are getting declined as stating you have no income?

I state it as income

[Deleted User]

addwbkdag wrote: »

Well in the future, potentially for a mortgage ?

Again, a mortgage lender won't see or care about it.