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  • FIRST POST
    • camy934
    • By camy934 16th Apr 18, 6:59 AM
    • 11Posts
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    camy934
    Can Banks overturn declined Current Account Applications?
    • #1
    • 16th Apr 18, 6:59 AM
    Can Banks overturn declined Current Account Applications? 16th Apr 18 at 6:59 AM
    [B]Hi There,

    I've got an appointment with HSBC today to try to open a student account with them. I'm just worried about the whole 'credit scoring process'. I have 7 defaults on my credit file from when I was younger and very reckless with money, and I make no excuses for that. I've paid 5 of them off fully, with 2 to be put in a repayment plan (took out phone contracts for friends, which they then didn't pay!, I know - stupid-).

    If I take in evidence that I've paid off these accounts, as I can take a snapshot of the online account with the debt collection agency that shows the accounts as 'closed' - can the bank hypothetically overturn a declined decision if this happens, and if they feel the situation warrants it?

    Many Thanks.
Page 1
    • 18cc
    • By 18cc 16th Apr 18, 7:18 AM
    • 690 Posts
    • 462 Thanks
    18cc
    • #2
    • 16th Apr 18, 7:18 AM
    • #2
    • 16th Apr 18, 7:18 AM
    Yes banks can review any decision they make- HSBC (and FD) are notoriously picky about who they choose so if you can't get an account at HSBC you could probably have much better luck at another bank.


    Your best bet in the interview is to be honest.
    • PeacefulWaters
    • By PeacefulWaters 16th Apr 18, 7:51 AM
    • 8,318 Posts
    • 10,667 Thanks
    PeacefulWaters
    • #3
    • 16th Apr 18, 7:51 AM
    • #3
    • 16th Apr 18, 7:51 AM
    They can.

    But based on what you describe, they won't.
    • mgdavid
    • By mgdavid 16th Apr 18, 12:17 PM
    • 5,648 Posts
    • 4,974 Thanks
    mgdavid
    • #4
    • 16th Apr 18, 12:17 PM
    • #4
    • 16th Apr 18, 12:17 PM
    might it be a better option to ask for a Basic Bank Account (for now) and once they've seen you are now sensible then upgrade it to a student account?
    The questions that get the best answers are the questions that give most detail....
    • jonesMUFCforever
    • By jonesMUFCforever 16th Apr 18, 1:48 PM
    • 25,095 Posts
    • 12,349 Thanks
    jonesMUFCforever
    • #5
    • 16th Apr 18, 1:48 PM
    • #5
    • 16th Apr 18, 1:48 PM
    Opening a student account at this time of year may well arouse suspicions - do you have one at any other bank and if so is it maxed out?
    Terms with all banks normally state that you can only hold one student account.
    What goes around - comes around
    give lots and you will always receive lots
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