Bank accounts for people with bad credit are designed to provide relief to the individual suffering from adverse credit score. These accounts are meant in keeping mind the problems faced by the poor credit holders. No one gets rejection for these accounts as it comes without any credit check formality. There are various high street banks available in the market that provides you this banking service with guaranteed acceptance.
Credit problems like CCJs (County Court Judgments), discharged or non-discharged bankruptcy or had an IVA (Individual Voluntary Arrangement), or have missed payments and arrears in past then need not to worry as Bank accounts for people with bad credit is available to help. These accounts open its doors for every individual so they can manage their funds effectively and regain their financial status in the market.
In order to meet the eligibility criteria of these accounts one need to be the citizen of UK and his/her should be above 18 years. Before giving approval to the applicant bank check some of its documents which includes one’s identity proof and address proof. As shortly bank verifies these papers they ask applicant to deposit the account opening fees and monthly charges. These costs are quite affordable and worth paying as it offer multiple services.
These bank accounts offer various benefits and services to the account holder. With the account, one can enjoy facilities like debit card, cheque book, internet and telephonic banking and overdraft in return of reasonable fees. Service of personal money manager is also offered by banks that look after the transactions of the account holder. Majority of banks provide all the basic banking facilities with this account. You can use the account for direct deposit of your wages or setting up orders to pay various bills.
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