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Student overdraft Watch

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    Hi, I am in the second term of uni and i opened up a student account and applied for a overdraft of £500 and i have been denied it.

    I have good credit and i have student grants and loans each term which is enough to pay back the overdraft so i dont see why they have denied me.

    Could explain why please?
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    (Original post by Audio no3)
    Hi, I am in the second term of uni and i opened up a student account and applied for a overdraft of £500 and i have been denied it.

    I have good credit and i have student grants and loans each term which is enough to pay back the overdraft so i dont see why they have denied me.

    Could explain why please?
    Get a copy of your credit report, that should help give you an idea, it could be something as simple as not being on the electrol roll at your current address.
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    (Original post by Audio no3)
    Hi, I am in the second term of uni and i opened up a student account and applied for a overdraft of £500 and i have been denied it.

    I have good credit and i have student grants and loans each term which is enough to pay back the overdraft so i dont see why they have denied me.

    Could explain why please?
    Have you had any credit agreements in the past and handled them badly - even something like a phone contract? Alternatively, have you already got a student account or another current account with another bank and have attempted to open another?

    In any case, do as Claire advises and get a copy of your credit report (you can sign up now to Noddle and see your CallCredit report free, plus Equifax now do a 'free' version)
 
 
 
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