Visa DEBIT for those with bad credit! =)

jmckay86

:money: Hi all,

I've been searching over the last few months to find a bank account that offered an actual VISA DEBIT card and haven't had much luck until now!

Lloyd's TSB now offer a VISA DEBIT card with there basic cash account. It will give you everything a current account does apart from an overdraft and cheque book. Although the website doesn't state this information yet it is true. I applied over the phone and had no problems !!

Hope this helps anyone finding it hard to find this type of account!

James

Bosie

Hiya James
What type of credit history do you have? Any defaults? I applied for this basic account, mainly for the Visa Debit card, but I got declined. My history isn't good, I'm discharged from bankruptcy and under 2 years for my credit files to be clean.:eek: I have spoken to a person from the FSA and she said even though it was a government idea (basic accounts) it's still down to the banks at the end of the day.
Didn't know you could apply for Lloyds TSb Basic account over the phone? I was told you had to go in!

DIVA07984

HI - I just called lloyds to open a basic account -- was put on hold after answering 2 questions- then the lady came back and said that unfortunately i could not be offered an account with them

how unlucky am i !!!!!!!!!!!!!!!!!!!!

Bosie

Diva
What questions did they ask you? As Danpaul says on the basic account thread because this ''basic'' account with Lloyds has a Visa Debit card and may not check immediately what's is going through your account, they may be more selective. Are you sure they tried to get you a basic account rather than a full current account?
I remember a few years ago, I applied in branch to open a Co-op cashminder I told him my circumstances (bankrupt) and he still tried to open me a FULL current with them Of course it was turned down, it was then referred and a basic cashminder account opened.

xxlaurissaxx

Bosie wrote: »

. under 2 years for my credit files to be clean.:eek:

How long does it take for your credit files to be cleaned? xx

Bosie

:eek:

xxlaurissaxx wrote: »

How long does it take for your credit files to be cleaned? xx

I went bankrupt in 2004, so in just under 2 years that will drop off my files as it is very adverse to have it on
A Bankruptcy, default stays on for 6 years.

Bo x

DIVA07984

hI well they asked me

1) My name -dob address

Then put on hold

2) Then she asked where do i work - if i have applied for credit from another addreess


Then put me on hold

Came back and said NO

I asked her how can it be declined if i only applied for a basic a/c- of which the goverment says everyones entitled to - She said they dont have to give me one !!

Bosie

:rolleyes: Thanks Diva
I was told by a lady from the FSA that the basic account thing is well bit hit and miss! That was a very quick No:eek:

As anyone on the board been successful getting a Lloyds Basic account with say a default or so?

Bo

Bosie

This is strange, got my hubby to ring Lloyds and they told him he will have to go into a branch to open an account, this is the basic account.
Also just checked their website and it says go to a branch with ID.
They must have checked you for a full current?

msaquib

Hi, My brother applied for LTSB current account over the phone. It was declined immediately but a Basic Cash account was offered. He was asked to go to LTSB branch with some identification.

MS

DIVA07984

HI - i did not ask about 3 times if it was a basic account - of which she said
yes

I do have 1 ccj and defaults

but i do have a step account /halifax easy

i was quite shocked yesterday - i guess i will have to wait untill the letter arrives - cause the lady said that they dont have to offer everyone there basic account (which i thought hey had to -thats why they were introduced)