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Bank Accounts For Poor Credit History Customers
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As someone with poor credit history you are unlikely to be able to open a standard bank account. Bank accounts for poor credit history customers do exist, but be warned! They will be very basic accounts, often with no bank cards available. This means that you will only be able to deposit and withdraw money. You probably won't have access to an overdraft facility and it's very unlikely that you will get a debit card. It is even more unlikely that you'll be able to get hold of a credit card. Bank accounts for poor credit history customers are not like normal accounts because the customer is seen as a credit risk.

If you are looking for bank accounts for poor credit history customers, it's a good idea to shop around all the major high street banks. Stay away from anything that sounds too good to be true as it probably is. You are best off looking at the reputable high street banks, who will try to help you stick to a manageable monthly payment plan and won't try to trick you into signing up for things that in the long-term could leave you worse off. Most reputable high street banks offer bank accounts for poor credit history customers, so it's always a good idea to pop into your local bank branches and have an honest chat.

Most major high street banks offer basic bank accounts for poor credit history customers. The good thing about these accounts is that over time you will most likely be able to improve your credit rating. Showing that you have regular payments going into the account and are gradually paying off any outstanding debts will mean that your credit rating improves. Some banks even offer bank accounts for poor credit history customers with a prepaid credit card. This is a much better way of managing your finances and means that you will not be able to go overdrawn or incur credit card debts.

For those people who do open bank accounts for poor credit history customers, it is likely that after about six months or so, if you have proven that you are able to manage your finances better, you are likely to be issued with a bank card and maybe even a small overdraft. Make sure you ask these questions before deciding which bank to open your account with.

Bank customers do exist, but make sure you shop around and stick with reputable, trusted names.


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