How to Improve Your Credit Score in the UK – as the first step of credit repair, review all three main UK consumer reporting agencies’ reports to identify any errors or indicators of fraud. Furthermore, registering on electoral roll will improve your score by making it simpler for lenders to verify your identity. Paying your …
Bank Account Articles
Personal Bank Accounts with bad credit and no credit checks carried out. What could be easier?
If you have bad credit, there are a few ways to get a personal bank account with less than perfect credit. Some banks will not accept you, while others offer specialised current accounts specifically for people with credit problems. You may also have to pay a monthly fee to keep your account open.
The key to opening a credit card is to prove you are a responsible borrower. This may be a difficult task when you have been in default or have had a CCJ on your record. However, there are several ways to show a lender you are a responsible person.
One way is by opening a prepaid card. These are available from many UK banks. Prepaid cards are used for purchases online and at cash machines. While these cards don’t come with an overdraft, they do allow you to add money to your card and withdraw it at cash machines.
Other examples of the most useful gizmos include an overdraft, a debit card, and an online bank account. Most high street banks provide a basic bank account. As well as providing everyday banking services, they also reduce the risk of overdrafts by offering a free EURO IBAN.
Another clever way of getting a personal bank account with bad credit is to try an online account. Companies like CardOneMoney offer a range of banking options that are guaranteed to impress. You can find out more here.