Discharged From Bankruptcy

[chrissa1]

I have just applied for a Savings Account with my bank, The Cooperative and have been turned down. I was discharged on 5th Decemeber last year.

http://www.theanswerbank.co.uk/Business-and-Finance/Personal-Finance/Question1108076.html

I got my Statutary Credit Report and saw that of course my bankruptcy is shown, with the discharge date.

Can I open a Savings Account somewhere else, or will I keep being turned down? Thanks.

[woofgang]

I am quite surprised that they will let you bank with them but not save with them. Have you tried the post office?

[lcg]

rbs do a basic bank account with a debit card....they were the only ones to accept me after i went bankrupt without oodles of fuss.....and they are a good bank in my experience. mostly owned by the government, so hopefully won't go bang! x

[chrissa1]

Yes woofgang, the lady on the phone was surprised too as she went to check and it all seemed fine. However, when she pressed the button, the computer said no!!

Could it take some time to update its information I wonder?

[woofgang]

chrissa, i think that is likely, you might want to ask the bank if that is a possibility. Sometimes computer updates only happen every seven days or something....but a month seems excessive!

[chrissa1]

Just opened a Post Office Savings Account. The Cooperative Bank can go and take a running jump.

[themas]

chrissa - I've looked back at your previous post & can only now assume that Co-op has got some daft rule, or else that someone has wrongly programmed it's computer.

As I understand it from your earlier post what you want is just a savings account - i.e. not a basic bank account. If that is the case then no credit checks should be done (a savings account cannot go overdrawn so there is no possibility of it being used for credit).

Go down the road to some other bank or building society (eg Nationwide). Don't say anything about your bankruptcy (unless asked); just ask what simple savings account they do & then apply to open one. If you need one with a facility for money to be paid in by BACS transfers from another account then say so - I think many (maybe all) of them have that facility.

[chrissa1]

Thanks themas. Our posts must have crossed. I've opened it with just a pound, so I'll look around at others too.

[aliyahwestling]

Try to contact your Financial Advice to help you with that but You must be absolutely honest when filing for personal bankruptcy. If you try to hide any of your information, it will eventually surface and cause you problems. The professional that helps you file for bankruptcy has to have a complete and accurate picture of your financial condition. Never hide anything, and make sure you come up with a well devised plan for dealing with bankruptcy.

[diannegarcia5]

Will in your case, did you consult to the other bank adviser? Try to consult first before you open another account, if that would be appropriate.