I have tried literally every high street bank and been declined, I do not require lending or even a debit card. Simply an account to hold funds and pay suppliers. The industry isnt high risk either.
Each bank have advised unless I pass the credit score (i have a CCJ) then there is nothing they can do.
Are there any other options?
Appreciate any help and advice.
Replies (11)
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Do you need a bank account at all?
Do you need a bank account at all?
I have a LTD Co client without one.
CardOne Banking do business accounts - although I have no experience of them (good or bad).
Metro Bank
Will your wife / partner be a part of the business? I've seen a husband and wife company neatly side-step Hubby's credit blacklisting by opening the company and bank account with wifey as sole director and shareholder. Further shares issued to, and a directorship bestowed upon, hubby as soon as the bank account is up and running.
I know, I know, you've probably already purchased the company in your name - but they're only £25 so I guess, if you had a mind to, you could take a run at that with a fresh company.
Otherwise, I'd add Metro Bank to your list of possibles - they're new, with fresh ideas about banking and fewer barriers.
Disclaimer: Of course, I'm not advocating that course of action; simply stating that's what I've seen savvy but credit-impaired entrepreneurs do. I've noticed this forum has taken lately to pillorying any "suggestions" that it finds morally or ethically impalatible, or legally indigestible.
How about clearing the CCJ?
If you have a live CCJ that is never good for credit, have you considered satisfying it and then your rating will improve and the problem might go away?
taxswag (creditswag)
you can pay to have a CCJ taken from your records. This would be the best way moving forward as you will be able to 'fix' your credit rating. I have been helping people for years in this way. A client of mine was refused a limited company bank account as he had a Public Record (it was only £400). He paid and had it removed from his record (just write to the court that issued your judgement in this instance). I don't think it costs more than £30 to have a CCJ removed (but you will need to pay the debt that it's attached to).
Kelly Anstee
CreditSwag (part of TaxSwag)
Natural Order?
If you have a live CCJ that is never good for credit, have you considered satisfying it and then your rating will improve and the problem might go away?
you can pay to have a CCJ taken from your records. This would be the best way moving forward as you will be able to 'fix' your credit rating. I have been helping people for years in this way.
Kelly Anstee
CreditSwag (part of TaxSwag)
Errr... I think the OP needs a bank account so that he can earn some money so that in turn he is able to pay off his CCJ.
Post offices do postal orders too. There's always more than one way to skin a cat (thank goodness!)
SUB PRIME BUSINESS BANK ACCOUNTS
RBS DO WHAT THEY CALL A FOUNDATION BUSINESS OR PERSONAL CURRENT ACCOUNT WITH DD'S AND S/O'S FOR CLIENTS WITH HISTORIC CREDIT ISSUES