For an account, see the Credit Scores guide if you want to improve your credit rating, or find out more about why banks might reject you.
Will they be simply for people that have bad credit?
Fundamental lender records tend to be especially created for individuals with woeful credit ratings, which will not pass the credit look for standard lender reports. As a result of this, previous credit problems – such as CCJs, defaults, or having already already been stated broke when you look at the past 12 months – are not often a buffer.
You don’t need to have credit dilemmas to start a fundamental bank-account – if you need a merchant account to assist you handle your cash and which will not enable you to get overdrawn, it is possible to go for one.