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Craigbadger

I think I've just been accepted for a business account despite poor credit history. When can I celebrate???

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Basically I had a hsbc business account which I shut due to the fact I slowed trading for for a while. Started to use my personal account for a bit and then a lot of business subsequently got asked to leave for breaking t&c.

Left me without an account, 7 defaults and 3 arrangements on my credit history in the last 6 years.

Ive put in an application with Coop for a cash minder, they seem to of lost my application in branch which is a pain.

 

Had a look at the bank groups and basically hsbc aside I had history with all except Santander, figured I had nothing to lose by putting in an application for a business account. Went basic no overdrafts, loans etc.

Had an email off them yesterday with a questionnaire which I completed honestly, emailed it back then today received this.

 

"Thank you for choosing Santander Business Banking.

 

We’re pleased to let you know that your Business Current Account is now open and ready for you to use.

 

What’s next?

 

In the next 7 – 10 days we’ll send your card, card PIN, Online Banking passcode and registration number separately (for security purposes) to the home address you gave us."

 

 

Is that it?, I've been accepted?, can I have a beer to celebrate? or is there something that can go wrong from here?. Other than my credit history I have no other skeletons in my closet or anything.

 

I know all banks are as bad as the other but I did not expect to get a highstreet account in a million years with my account history. I was thinking best case I get a cash minder and a pre pay. I had a large loan and Credit card with Abbey national which were paid in about 2007 but did reclaim a lot of ppi.

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It does indeed appear that you have been accepted for the account you applied for.

 

I imagine that as long as you maintain the account correctly, then there should be no problems.


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It does indeed appear that you have been accepted for the account you applied for.

 

I imagine that as long as you maintain the account correctly, then there should be no problems.

 

Fingers crossed then.

 

I did check experian last night and they have done an unrecorded search before emailing the above which I presume is a good thing. Also I notice Co-op did a couple as well so would be fair to presume they found the application form so fingers crossed.

 

 

Something I was slightly concerned about. Ive read all sorts of horror stories about fraud markers getting in the way at a later point. I'm fairly sure my hsbc account was shut for breaking t&c which I presume is down to using for business. If it was anything more than t&c or just me not earning them money etc would they of just shut me immediately?.

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Sorry, I don't understand the question ? Where does fraud come into this ?


Have we helped you ...?         Please Donate button to the Consumer Action Group

 

Uploading documents to CAG ** Instructions **

 

Looking for a draft letter? Use the CAG Library

Dealing with Customer Service Departments? - read the CAG Guide first

 

1: Making a PPI claim ? - Q & A's and spreadsheets for single premium policy -

HERE

2: Take back control of your finances -

Debt Diaries

3: Feel Bullied by Creditors or Debt Collectors?

Read Here

4: Staying Calm About Debt

Read Here

5: Forum rules - These have been updated -

Please Read

 

 

BCOBS

 

2: Does your Bank play fair - You can force your Bank to play Fair with you

3: Banking Conduct of Business Regulations - The Hidden Rules

4: BCOBS and Unfair Treatment - Common Examples of Banks Behaving Badly

5: Fair Treatment for Credit Card Holders and Borrowers - COBS

 

 

 

Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

PLEASE DO NOT ASK ME TO GIVE ADVICE BY PM - IF YOU PROVIDE A LINK TO YOUR THREAD THEN I WILL BE HAPPY TO OFFER ADVICE THERE:D

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Just reading online about accounts being shut. A lot seem to end up with markers.

I don't know specifically why its being shut just t&c.

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