UK Bank Account information for people who have been refused a basic bank account
- If you are having trouble getting a basic current account with the high street banks or have been refused a bank account, we may be able to help you.
- For existing clients, we try to arrange a basic bank account that allows people to benefit from things like direct debit savings and the normal benefits of a basic UK bank account.
Do you need a basic bank account because you have been refused?
- Are you having problems getting a current bank account with one of the high street banks because of your credit history?
We have a relationship with some of the main UK high street banks and can often get a basic bank account set up for our clients even if they have a poor or bad financial past. These basic accounts offer no lending facilities but do give you a lot of the other regular features you get from a normal current account.
You will be able to pay your bills by direct debit and have your wages paid into your account. you will also be able to withdraw your money from eligible ATM machines using a cash card.
- We can also arrange for a personal debt advisor to offer you personal debt help for you to try and control any financial problems!
What will it cost me to set up a basic account?
Most of the banks don’t require any large deposits to open one of these basic current accounts but one or two of them may ask for a £1 (one pound) deposit to get the account up and running.
As far as the day to day cost of running a basic account goes, you may be liable for the general charges associated with running a bank account. e.g. returned direct debits.
- Prepaid cards can often be a great alternative to a basic UK bank account.
Can you help me with my debt problems?
Yes. We are debt management specialists who can help you with a whole range of personal debt problems. We deal with people struggling with debts on a daily basis and do out utmost to help them get out of debt permanently.
If you feel that your situation may be getting to the point where you feel you need some debt advice before you get into real financial hardship or you feel you are already overstretched, then let one of our trained advisors give you the benefit of our experience on how to better manage problem debts.
- We offer solutions such as……
- Debt Management Plans
- Debt consolidation relief
- Formal debt solutions such as an IVA or Individual Voluntary Arrangement
Credit ratings and credit rating repair
If you have had trouble getting credit, there may be something held on your credit report with one of the credit reference agencies that could be preventing you obtaining further borrowings or credit.
You can request a copy of what they hold on file about you by writing to them or going online. Details of how to do this can be found on their respective websites
- Equifax
- Experian
- Callcredit
Once you know what is being held on file about you, you can ask these companies to remove anything that is incorrect, or if there are any mistakes you can request that they are updated or amended.
- Obtain further information today by calling 0800 018 6868, your call is FREE from UK landlines!
