Basic current account for discharged bankrupt

Truckerpt

Well thanks for the replies.
To be honest I was hoping for a helpful answer not a disection of my personality and reasons for going bankrupt or indeed if I had thought out the consequences, but I suspect ths site is trawled by those for whom the idea of Money sense is above everything in life and those of us who find a solution outside of your 'safe' box are a threat to your way of thinking.
By way of an explanation let me say that I wanted MY money to go where it was most needed. For ME to choose who and what were most important in the run of things when I lost my job. Lets just say that MY human priorities were very different from those of the financial institutions.

And anyone who disagrees that being financially responsible for an absent child is LESS important than being financially responsible to a bank seriously needs their head examined In my opinion.

cifpower

Truckerpt wrote:

Well thanks for the replies.
To be honest I was hoping for a helpful answer not a disection of my personality and reasons for going bankrupt or indeed if I had thought out the consequences, but I suspect ths site is trawled by those for whom the idea of Money sense is above everything in life and those of us who find a solution outside of your 'safe' box are a threat to your way of thinking.
By way of an explanation let me say that I wanted MY money to go where it was most needed. For ME to choose who and what were most important in the run of things when I lost my job. Lets just say that MY human priorities were very different from those of the financial institutions.

And anyone who disagrees that being financially responsible for an absent child is LESS important than being financially responsible to a bank seriously needs their head examined In my opinion.

Most of our priorities are different to those of a bank. A bank is there to make a profit from us any way they see fit and if they see you as a risk there is not much you can do. If you have a basic bank account now just stick with that and ask for an upgrade every six months or year.

funicular

Hello, I've just joined the forum and am in a similar position, having spent a long time nursing my husband through all the stages of terminal cancer, which consumed all of my time and resources. My bankruptcy liabilities were almost entirely comprised of escalating claims for interest from the Inland Revenue amounting eventually to a great deal more than I ever actually earned, my crime was that of not answering their letters as under the circumstances it somehow seemed less important. To those people who might call me pretty stupid – yes, I know, and no, I didn't inherit anything relevant, but I can guarantee a modest regular income, so can anyone offer helpful advice about the best account to try for? In America some banks consider discharged bankrupts to be an appealing prospect because they know that there won't be extant claims from elsewhere on your money. I run a small business from home and haven't had my own bank account anyway for the last for years, nor a credit card for about 8 years.

sscott5581

Hello there OP

Perhaps you may find this helpful.

In May 2003 I was made Bankrupt in Scotland, in Scotland discharge is three years from original Bankruptcy, I was discharged in May 2006.

Just after my Bankruptcy I opened an Basic Flexaccount with Nationwide which came with Cash Card and the Cashminder Account with Co-operative Bank which came with Visa Electron.

Through my Bankruptcy I operated both accounts well with no problems. To date I still have the Basic Flexaccount as Nationwide report account conduct to all three Credit Reference Agencies which can only be good to improve credit status.

I closed my Co-operative Bank account in June 2006 and was able to open the Cashmaster Account (this account is now called the Readycash Account) with Clydesdale Bank which came with a Maestro Card with no cheque guarantee.

While I was quite happy with this account I read about the string of successful application with Citibank in December 2006, I thought I had nothing to lose and decided to apply.

I was accepted for their Sterling Current Account (my Experian file was searched) with full Visa Debit Card and cheque guarantee of 100 pounds.

I have since upgraded to the Citibank Plus Current Account (the other account they have is Citibank Access Account) and the other day I phoned to ask about an overdraft (again to help build credit status), I was accepted for a 500 pound overdraft (no credit file was searched).

Steven

Lindsey.farrar

Hi,
You can now get pre paid cards which you transfer money too from a basic bank account and can use like any other VISA, I have a Virgin pre paid as I found it to be the best one for me. You can also have your income paid direct to the VISA card and I beleive it counts towards your credit rating.