Sunday, 19 June 2011
Opening A New Bank Account If Your Credit Rating Is Poor
Even those with a poor credit rating can open a new bank account. You just need to understand the right questions to ask.If you are struggling with personal debt, one of the first steps to getting back in control is often to open a new bank account. Opening a new account is important because you need to make sure that any money paid into your account is fully under your control.If you continue to use a bank account which is operated by one of your creditors they may take money from your account without your authority. They are allowed to do this under the right of offset.Ask for a basic accountWhen you apply for a new current account, the first thing the bank will do is carry out a credit check on you. If you have debt
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