my boyfriend defaulted with a loan and now he can't get a proper bank account, only one with a cash point card, is there anyway , he can get a current account with debit card and cheque book.
2006-09-17 09:54:17 · 9 answers · asked by kerry8460 2 in Business & Finance ➔ Personal Finance
It's not very likley he will get a "proper" account until his credit rating improves.
If you were the bank, would you trust him as a stranger?
All loans are signed agreements, with warnings written in about this very thing. If he defaulted thirough no fault of his own, eg redundency, the lender would have listened and helped, if he had asked BEFORE failing behind with payments. If he simply stopped paying they are well within their rights to blacklist him.
2006-09-17 10:08:32 · answer #1 · answered by tizzy 3 · 0⤊ 0⤋
A "secured" credit card will get you a card....
It basically means you give the bank $1000 they then give you a credit card with a $1000 limit... you go shopping, and pay the credit card bill when it comes monthly like normal credit cards... The $1000 sits in the bank and does not get touched, that's where the title "secured" comes in.
In a few months you have credit built up and you can ask for a higher line of credit. Knowing now what he did, he needs to learn from his mistakes and not screw anyone one else over on any loan !! You are exactly where you CHOOSE to be in life... so choose to be in a good spot !!
2006-09-17 20:10:13 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
he may be able to get a solo card (UK) which means he can use it as a debit card but it wont let him go overdrawn or over his overdraft limit.
Once the bank is satisfied he can operate his account responsibly they may review his case and allow him a cheque book and proper debit card in a few months time (6 or more).
2006-09-17 17:00:40 · answer #3 · answered by Sonny Walkman 4 · 0⤊ 0⤋
I suggest that your boyfriend contacts the loan company and makes an agreement with them to repay the default. This would help repair your b'f's credit rating. It's something that has happened to a lot of people and it can take a long time to get back a good credit rating.
2006-09-18 11:11:25 · answer #4 · answered by Tabbyfur aka patchy puss 5 · 0⤊ 0⤋
To get a current account with a cheque book and debit card, a credit check will eb done, if its negative reporting, he wont get one
2006-09-17 17:03:32 · answer #5 · answered by SunnyDays 5 · 0⤊ 0⤋
If in the UK try WWW.SUREFIREFINANCE.CO.UK they can help with Bank accounts, credit cards Loans and Mortgages for bad credit.
2006-09-18 15:18:39 · answer #6 · answered by Anonymous · 0⤊ 0⤋
I feel sorry for you but whats wrong with the cash point card you know here you are with them.
2006-09-17 16:58:28 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Switch cards are dangerous beings, very easy to lose control.
2006-09-18 10:50:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
not at the moment,he needs to prove he can control the account he has, this will give him a better credit rating
2006-09-17 16:58:22 · answer #9 · answered by Candy 5 · 0⤊ 0⤋