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Re: Getting UK bank accounts
 

If you have poor credit history avoid making any applications where the Bank will do check as this leaves "footprints" on your credit record. Too many attempts to open bank accounts, credit cards etc will scare off any potential organizations. So the poster who advised you to let your credit record cool for say 6 months to a year was giving good sound advice. You should have no problems to a basic account as these carry minimal risk to the bank. They are intended for people who have poor or no credit history - such as someone who has been unemployed etc since you now have to have a bank ac for your benefit.

Re: Getting UK bank accounts
 

Listen to ebayorbust.

Basic bank accounts are the way to go.
They dont effect your credit score with extensive searches.

All banks are okay to use for this except hsbc as they expect you to have this as your only existing bank account.

Re: Getting UK bank accounts
 

Just opened Nationwide Cash Card account - basic current account. Took me 10 min online!!! My credit score is 399. Good day !!! Yesterday came in Yorkshire Bank branch tried to open basic bank account with them, after 10 mins manager came to me and said: " unfortunately we can't open bank account for you." WTF- it is basic acc... Today opened basic bank account with Nationwide. very easy online.
I am happy !!! )))

Re: Getting UK bank accounts
 

Dont open too many in a short span. Need to give opening bank accounts a break for a bit now :thumb:

Re: Getting UK bank accounts
 

Omg. I have appointment in RBS on next Monday and waiting application form from CO-Operative for cashminder account. James you think need wait couple of months?
Also, am i can open business bank account ( i am self-employed) with low credit score 399?

Re: Getting UK bank accounts
 

That is a lot of bank accounts in a very short space of time. Need to give it a break for a bit.

You can get basic business bank accounts as well, so would be worth you looking into that for a business account.

Re: Getting UK bank accounts
 

Everybody who are struggling should really get themselves down to Noddle, see what how they are doing credit score wise and then take it from there.
Keep the accounts basic and try to take it slowly and surely because in UK... Once it's gone, the bank account is truly gone. We don't have the luxury of VBA so please please please be careful and mindful when starting a stealth operation and please don't get yourself in trouble with too many bank accounts.

I know it's difficult to hold yourself back, but with creditscore being such an important part of everyday dealings over here, it's wiser to take your time and really work on it. Otherwise you might find yourself in a place where banks don't want to give you bank accounts and without bank account, there is no successful stealth operation.

Slow and steady, get your bank account and then build the stealth. In a weird and twisted way it's a great way to learn as well without burning all your bridges. If you can handle one stealth account succsessfully, then you can move on to the next one and so on. Soon you'll have multiple accounts going, without burning your credit score.
If you rush the bank accounts, then rush the stealth accounts... You might lose them all, and that's not a happy place to find yourself.


Take it slow, be extra careful and practice, practice, practice. Then read, read, read and then practice some more.

Good luck and hopefully you can resolve the issues that you are facing at the moment.

Re: Getting UK bank accounts
 

Barclays is the only bank I know that give business accounts including Ltd. Co to people with low low credit scores.

Re: Getting UK bank accounts
 

You need to do more research then, lots of banks will offer you a business bank account despite credit rating.

Re: Getting UK bank accounts
 

really freaky what turns up....

Glad you got a heads up to start repairs ;)