subject: Go Ahead and Get a Non Status Bank Account Inspite of a Bad Credit History [print this page] Go Ahead and Get a Non Status Bank Account Inspite of a Bad Credit History
To begin with, a non status bank account is generally reserved for those who have a non status entry in terms of credit. It is essentially meant for those individuals who are suffering from bad debt issues, have a hard time proving their income and also suffer from a poor credit history.
Features of a Non Status bank account
A non status bank account tends to be different from other bank accounts because it offers banking services to people that in real time are considered to be non status in credit terms. The features of a non status bank account thus go on to consist of the following:
It allows those people to open a bank account who are otherwise unable to open an account in UK due to the non-acceptance of their application by a bank.
Giving an opportunity to clients to avail all general services which are otherwise also available to the rest of the population.
In the initial stages, all the services may not be given. But then as time gradually passes by a person may gradually qualify for the differentiated services offered by the bank.
A debit or an ATM card may be given in the nascent stages. However, with passing time, any person who maintains a good credit score may be eventually allowed to open up a standard account.
What to look for while opening up a Non Status Bank account?
During the beginning, a non status bank account will be more then ready to manage your daily finances. Other than that, it will also offer a debit or a credit card and the facility of using either any direct debit or a standing order. Some may even go on to offer cheque books and overdrafts after the end of a trial period, all dependent on the fact how one manages their finances. But as things go most of the banks are willing to be flexible over here and after a period of six months they would have no qualms whatsoever in extending the services.
