Over the 6 year BR rule and still no overdraft facility

SomebodyToldMe

Hello

I'm well over the 6 year BR rule and still cannot get even a low overdraft.

I checked my credit file and it is clear.

Don't really need it but it is a good safety net sometimes, but still can't get one.

Anyone have any ideas?

Thanks

Morfx

Are you still using a basic bank account that doesn't offer the facility?

SomebodyToldMe

No I have a standard current account. I have switched many times and still the same problem.

MEM62

Don't really need it but it is a good safety net sometimes, but still can't get one.

If you do not need it then avoid having one. Not only is it one of most risky ways to borrow it is also one of the most expensive. An emergency fund should be your "safety net", not borrowing.

Smudgeismydog

As @MEM62 notes, your emergency fund is your safety net. Overdrafts are very expensive, and they can be a slippery slope into debt