Bounce back loan with bad credit

Percy1983

To confirm, my loan isn't showing on my credit file and no search is showing either. It seems bank just looked at what they had on me and approved it. I applied and had the money in the bank the day after.

Of course the key point here is having had a business account for many years before hand, rather than pushing everything through a personal accounts against the terms and conditions.

Amitshah89

Gandhi23 said:

Danrover82 said:

Gandhi23 said:

In theory, it shouldn't matter. 
In Practise;
My credit score isn't great - I was declined by both Starling and HSBC for opening a feeder account. There are no fraud markers or other issues with my history apart from a very old satisfied CCJ and one default.

Who do you bank with and is it a personal account

applied with Starling and part of mass reject, applied for HSBC feeder on the new online system.
My personal account is with Barclays, so I might try them next. My business account is with Tide.
There's still hope, I guess.

How did u apply HSBC feeder account online?

abc_12345

Danrover82 said:

It's wrong though, because a feeder account will be closed after the down payment. 

Hope I'm wrong though as its my only hope at the moment 

you are in the same position as me. technically, the feeder account should be opened by doing fraud check only, but the banks are doing the full business account opening process (exactly the same) hence you will be rejected, again and again, HSBC, metro, starling all the same. That's been my experience. so I'm doomed

nme123

yes feeder is no different at all. same full checks. pointless applying if your already declined for a normal biz account.  But fo course the bank wont tell you this, they suggest you should try again just to give you false hope..