YEs, banks can see everything in your financial past. You should be fine unless there is an unpaid debt with a bank in your past. If you're unable to get a bank account, apply at any Credit Union, they can give you a checking account and having them on your credit will boost credit rating.
2007-01-04 00:31:43
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answer #1
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answered by Anonymous
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when opening a bank account, a credit check & a Check Systems is done. Check Systems is basically a credit check for bank accounts. If you ever had a closed out or charged off account from any bank or credit union, they list it. If you are listed, depending on the institution, you will not be able to get a checking account for the 7 yrs that it is on there. Some will let you get only a savings account, but not ATM card. some will show you the door.
It will not affect at all any of your debts. Banks dont notify your creditors that you are opening an account.
Simply having a savings or checking account does zero to your credit. The only thing that does something to it, is borrowing & paying or not paying back. Items on your credit history stay for 7-10 yrs.
2007-01-04 04:36:11
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answer #2
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answered by ricks 5
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Generally, banks can see debts that have been unpaid regardless of the length of time they have been outstanding.
However, you should not be turned down for a basic bank account. A lot of the high street banks offer a basic bank account when someone has outstanding debts. Most banks will only offer the basics because of the risk involved for them. I.e. If you have previously have unpaid debts, as responsible lenders they will not let you rack up more debt also if you have failed to pay before they are less likely to offer lendin services through fear of losin the money.
Hope that helps
2007-01-07 06:22:49
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answer #3
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answered by Anonymous
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when you open a bank account then they will do a credit search. If this shows any adverse entries then you will be offered the basic cash card account.
If this debt is still open (unlikely) and if you have moved property since not paying the debt then this search will link your previous address(es) to your current address(es) which could result in that firm tracing you to ask for their money which you still legally owe. The chances are that this has been passed to collection agents.
If this unpaid debt has gone to a County Court Judgement (CCJ) then that stays on your file for 7 years past the date of settlement (so if you settled one today it would remain on your file until 04/01/2014).
If in doubt, apply for your own credit search and open a savings account with a cash card as there is no borrowing power on a savings account therefore, providing you can prove who you are and your address, then no searches will be undertaken.
all The Best.
2007-01-04 01:43:25
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answer #4
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answered by Valiant 3
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When you open a bank account, they will do a credit check. If the report comes back with an adverse credit history, they will only offer you a basic bank providing you are not a bankrupt. The problems you had 6 years ago may no longer be on your credit file. Check this out by searching credit reference agencies. The sites will tell you what to do. It costs £2 to get a copy of the file.
2007-01-04 00:49:16
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answer #5
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answered by charterman 6
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I really don't think they would be allowed to do that. Mostly when you owe creditors from that far back they put your information down as payoff or another words closed account to be gone.
As for opening an checking account, as long as you have proof of income. You shouldn't have any issues for opening an account.
It would be differnt if you was applying for a credit card.
thanks
jackie
2007-01-04 00:50:15
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answer #6
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answered by suthernbelle_023 1
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Yes I have previously order a credit service and they can go back 10 years and beyond. You would be best phoning the bank (the one you want to start an account with) and ask who they use to check credit and ask for their number (which I have done before). The credit checking service will be able to issue you status in the post at a cost of around £2.50 and also the call is expensive around £1.30 it cost from my mobile.
2007-01-05 07:26:19
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answer #7
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answered by Lora 2
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unpaid debts or debts that have defaulted in anyway stay on your credit report for upto 6 years which can effect your credit score but it may not nessasarily effect a application for a bank account, But I dont believe that they can see bad debt from beyond 6 years, you can apply to have them removed anyway
2007-01-04 00:37:01
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answer #8
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answered by Anonymous
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Possibly. The creditors can only try to contact you. The bank may or may not foward them information that they received form you in order to do so.
2007-01-04 00:30:25
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answer #9
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answered by nealee 2
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A mastercard is a card issued by skill of a financial company, save or shopper keep, which permits purchase of things and amenities on credit for a particular shrink, pastime fee and term. there are certainly one of those credit playing cards to compliment between, based on the standards of the guy. you may prepare for a mastercard on line, by using paper utility or by skill of telephone.
2016-10-29 23:28:21
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answer #10
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answered by boddie 4
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