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Bounce Back Loan Removed and all my funds taken Natwest
Comments
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Have just applied for a bounce back loan for my company with hsbc using the feeder account application but have been turned down stating that a credit check using experian did not qualify my Ltd company for the loan we have been established 12 yrs. So much for a credit file not influencing an application!! Anyone would think china were pulling strings to stop uk growing in retaliation over hongkong?
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The Credit Check will have applied to the account opening unfortunately.cynical2020 said:Have just applied for a bounce back loan for my company with hsbc using the feeder account application but have been turned down stating that a credit check using experian did not qualify my Ltd company for the loan we have been established 12 yrs. So much for a credit file not influencing an application!! Anyone would think china were pulling strings to stop uk growing in retaliation over hongkong?
This is distinct from the loan application
Did you not have a Bank account already for a company established for 12 years?0 -
Have just applied for a bounce back loan for my company with hsbc using the feeder account application but have been turned down stating that a credit check using experian did not qualify my Ltd company for the loan
Whilst you are not credit scored for a BBL, you are credit scored for a feeder account.
we have been established 12 yrs.Why are you not applying with the bank with your business banking account? That is so much easier.As an established limited company of 12 years, you should have a proper business account .Anyone would think china were pulling strings to stop uk growing in retaliation over hongkong?HSBC retail banking is British.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.1
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