to get my credit rating up again.

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lesley1

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Post by lesley1 » Tue Jan 29, 2008 1:04 am
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are there any banks that will open accounts for discharged bankrupts to get my credit rating up again.
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MelanieGiles

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Post by MelanieGiles » Tue Jan 29, 2008 1:10 am
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Hi lesley

There are several banks who will accept discharged bankrupts as customers, but not necessarily to assist you in restoring your credit rating. The bankrutpcy will remain on your credit file for six years following the date of the bankruptcy order, so there is no immediate release from that I am afraid.
Regards, Melanie Giles, Insolvency Practitioner
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jpj

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Post by jpj » Tue Jan 29, 2008 8:10 am
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Melanie
Does merely opening a bank account help your credit rating anyway? surely to improve your credit rating you need to borrow credit?? ie an overdraft, which the banks might not agree to anyway.
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Adam Davies

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Post by Adam Davies » Tue Jan 29, 2008 1:16 pm
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Hi
If you open a basic account[Coop cashminder is good]and run it well then the bank are likely to upgrade your account at some point and also provide you with credit facilities.
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Andam Davies
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MelanieGiles

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Post by MelanieGiles » Tue Jan 29, 2008 10:34 pm
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Opening a bank account in isolation is unlikely to assist to repair your credit rating unduly?
Regards, Melanie Giles, Insolvency Practitioner
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