ChatterBank1 min ago
How can I open a current account with bad credit?
5 Answers
I have a bank account which has an overdraft and I am about to enrole in an IVA trust programme to eradicate this overdraft and all my other creditcards and loans. I require to open a new bank account to pay my wages in to and to withdraw funds etc but have been refused twice by high street banks because I have bad credit. I cant start my IVA trust until I have a new bank account operational. What do I do?
Answers
Best Answer
No best answer has yet been selected by chrisandrew. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.If you do an internet search for "guaranteed bank accounts" you will find companies that can place you for a current account with High St baks irrelevant of your credit rating.They do charge for this but the introduction fee is fairly minimal (Less than �100 or so) and it will ensure you get a cheque book if that very important to you :)
We entered an IVA just over a year age. We opened an account with Halifax and used them for about 6 months. We weren't happy with them because even though we had �2000 going into the account every month, they wouldn't give us a debit card. We changed to Natwest and they gave us a debit card (Solo) which meets our needs. Hope this helps.
Hi Chriandrew,
A list of all the basic bank accounts can be found on the link below:
http://bankruptcy.org.uk/bkdocs/bank_account.pdf
Regards
Sean
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