ive got badcredit and cant get a debit card anybody know of a quick solution?

Question

my bank (royal bank of scotland) will not issue me with a debit card as i have bad credit and in todays society one is desperatly needed as i couldnt even buy car ins i had to get my parents to do it! does any body know how i can rectify this or obtain a debit card quickly?
i do not want a credit card.

Answer 1

There is no quick solution. To have good credit you have to pay your bills on time and not get in trouble with money. Now you were talking about your parents, do you have any credit? Because if you are young, it could just be the fact that you don't have any credit, not necessary bad credit. All I can say is keep paying your bills and maybe take out a small loan and pay it back. Nothing you can do that would be quick. It takes time to repair bad credit.

Answer 2

I don't know if any bank in Scotland has a second chance checking account or a bank that does not check your credit. You can ask around I am sure you could find a bank that will give you a debit card. The account you may need to get is a savings account and they may be able to issue a debit or an atm card.

In the US most banks do not do credit checks for either a checking account or a debit card. I have done research on this.

Answer 3

If you can get a checking account you should be able to get a debit card. Getting a checking account doesn't have anything to do with credit......but it has a lot to do if you are on checks systems. If you are on check systems, no bank will give you a checking account or debit card except US Bank. They have a program called New Start or Fresh Start. It's for people that have been reported to checks systems. My brother's credit score is 527 and he went to a very common bank (like Key, 5/3rd, Chase, etc) and was issued a checking account with a debit card. 527 is a pretty bad score....I think the lowest it can get is 450. Since a debit card is like a secured credit card (because the bank isn't loaning you any money, you are witdrawing funds from money you deposited at their institution), debit cards are a very low credit risk.

Wherever you live in the world, you should be able to get a secured credit card. For example, you would deposit $1000 at a bank. They would give you a credit card with a $1000 credit limit. If you mess up on the credit card, no big deal to the bank because they just keep your $1000 deposit and close your account, even if you never used the $1000 credit limit. Most banks are willing to issue secured credit cards even to people with horrible credit. Unfortunately, there is no quick fix to bad credit. Time heals all wounds.

Answer 4

The bank is unwilling to take the risk of issuing a debit card to you. In most cases that means your credit is not only bad but reeeeeeeealy bad. So here is a quick fix. Go to your parents. There is no way no how that the bank is going to look at you and say oh here you go have a debit card now that you got some quik fix from some bloke on the internet.

Now here is a real fix. Clean up your credit. Yes I know that was not the one you wanted to hear. However your going to be in this fix again so you may as well start now so you can do it your self later instead of falling back on family.

Step one. Pay your bills. Get a second job, what ever it takes. Cut down on the visits to the pub. Yes I know that was not your favorite one either. But do what you must. thats what grown up people do. look at your every expense and cut out every thing you can live without till you get out of the hole you dug your self into. If you go at it long and hard you will become quite expert in handling your own money and disiplining your self to do what needs to be done and go with out when you must.

If you do this long enough it becomes a habit. After a while you will have every one paid off. But continue to live like it any way for a while. Next thing you know, you will be looking at a savings account with actual money in it for the next big emergency in your life...yes you will have one. So you may as well get used to it and prepare for it now rather than later when you have bad credit and need a quick fix again.

once you have some savings. ask the bank if you can borrow against it. Sounds crazy right? Do it any way. borrow the money out and they will lock down your savings so you can't spend your colateral. Pay it off in a month plus any interest. The interest is a small price to pay. Do this over and over a few times. This is called churning. It shows up on your credit report that you took out a loan and paid it off early. After a while this shows up as a habit. You have had several loans and you have paid them all off early. Congrats. you now have a sweet credit report. Now stop using your credit for anything unwise or with a high credit score you will just put your sorry butt back in a sling like the one your in...except that with a good score they will let you have more money and that will mean you can dig your self into a deeper hole. So if you do clean up your credit, don't screw it up again or you really will be shooting your self in the foot.

I'd hate to see you go to all that trouble to clean up your credit and then waste all that effort just screwing your self over again. IF your not going to take responsibility for it, don't bother cleaning it up. That way the bank will never loan you money and you will have some limits on how much trouble you can get your self into.

You know you better than I do. You decide. I wont judge you harshly either way. I can respect a man/woman who knows their limits. I can also respect a man/woman who makes an effort to make a change and clean up. I have little respect for some one who just sets them selves up for dissaster but have no trouble watching from the side lines and getting a good laugh while they do it.

Answer 5

I think all banks now only ever issue debit cards if you have a current account. However, if you have bad credit, i doubt they will issue you a debit card, never mind a credit card. You can apply to Capital One, for their credit card. If you have had financial trouble, you can sometimes still qualify for one of their cards, but they will start you off on a limit of £200. They give you a response within 1 minute.
http://www.capitalone.co.uk/web/raid/templates/cardlist_temp_10_001.jsp?page_id=10200&context_id=2&pageId=10200

Answer 6

You can get a SOLO card, but you will need to have a well managed account for at least 6 months, which involves no Unpaid and default fees and once you manage your account that way, you can arrange to apply for the debit card, and hopefully you will get sent one out.

They can still issue you a Cashcard which is equivalent to SOLO but not recognised in many retail outlets, but having said that you have to manage your account more efficiently to get the benefits and perks from your bank. Trust me i work withing Banking.

Answer 7

There are these new cards out now, I,m pretty sure anyone can get one, you get a credit card with no available credit and you have to top them up, cool for the person with no credit rating....My brothers got one. Can't find link for them though sorry.

Answer 8

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Answer 9

Get a prepay debit card, I had one, it works just like a debit card but you have to deposit the money into their account. You do that anyway with a debit card. It is a VISA or MASTERCARD so you can buy things online and at stores. Belive me it works the same as a debit card.
http://www.ecount.com/
http://www.accountnow.net/default.aspx?pcode=Cm049Sos00&OVRAW=prepaid%20debit%20card&OVKEY=prepaid%20debit%20card&OVMTC=standard
http://www.newbankaccount.net/?OVRAW=prepaid%20debit%20card&OVKEY=prepaid%20debit%20card&OVMTC=standard

Good Luck!

Answer 10

With bad credit, the only way you will get a debit card is to steal one. I know that may be a bit drastic, but once you screw up your credit, no one wants to give you the time of day, much less a debit card. Good Luck!!