subject: Poor Credit Bank Account - A New Account Without A Fuss [print this page] People who have succumbed to bad credit, defaults and bankruptcy in the past find it very difficult to get things done especially when it is of the financial nature. Most lenders deny their requests for loans and applications for bank accounts are often turned down by most banks. Poor credit bank accounts are however, the newest introduction offered by certain banks which give you a new account despite your poor credit rating without a fuss.
The services offered are very fast, safe and convenient to obtain. Any form of bad credit reports, foreclosure and so on are not a concern for banks offering you an account of this nature. This will help you rebuild your financial status in the market and help you get rid of that unfavorable tag you carry. All the basic banking facilities are made available to applicant opening an account of this type. Cheque books, cash withdrawal and deposits, debit card and so on are some of the services that could help you make payments on time.
Nowadays most banks offer such accounts to people with poor credit along with guaranteed acceptance as long as a few stipulations are met. They are mentioned below:
The applicant should be 18 years of age or older
He/she should be a UK citizen
He/she should possess a stable job.
Identity and address proof of the customer who is applying is usually asked for, for security purposes. Some of the beneficial services offered by most banks are listed below:
Instant opening of the account
No credit check is conducted
The starting balance is very minimal
No paperwork or faxing is required.
Your financial scored can be brought back on track with the help of this account. Banks offer you the advantage of applying to open up an account by simply filling in a form online. It hardly takes up any time and if the application is approved the account is opened instantly.
