Many people want to know if it is possible to get bank accounts for people with bad credit? Many people take having a high street bank account for granted and do not realise that if you have a poor credit score you will often be refused if you try to open a new account.
There are various different reasons that you may get turned down by the high street banks. Tom was declared bankrupt and it took 3 years to get discharged and then another 3 years before he was able to apply and get accepted. That is a total of 6 years without a bank account, you only realise how much you need banking facilities when you do not have access to them. Tom had to work hard to get back to a healthy credit rating that allowed him to get back into the world we all take for granted.
Most of us cannot afford to wait 6 years to be able to pay in a cheque, have their wages or other income paid into an account or enjoy all the other facilities that go along with having a bank account.
There could be a number of reasons that you may have been refused, something as simple as an unpaid mobile phone contract can be enough to ruin your credit rating. You may have bad credit, been in bankruptcy or have a CCJ against you or be in default.
All high street banks will credit check you when you apply for an account whether you do it online or go down to your local branch. It does not matter how many times you apply and to how many banks, if your credit score is too low you will just keep getting refused.
It could be years before your credit score recovers if it ever will depending on your circumstances. One option if you have been refused is to try one of the guaranteed acceptance bank accounts for people with bad credit. They do not require you to pass a credit check so you are guaranteed to get accepted.
You get most of the usual facilities that you would get with a high street bank account. You will be able to pay money into your account and withdraw it so you can have your wages or any other income paid into it. You can mange the account online or by phone and take money out from cash points and pay in money or cheques via your local post office.
