Is it worth saving?
Savings have always been an important part of our finances. Pensions provide a long-term income for later life, while savings accounts in general provide security and protection against unexpected costs. However, the way the economy has moved over the past year has discouraged many people from saving. But it`s important to understand that saving can, and should, still be an important part of managing your money.
Opening a bank account with a bad credit history
Most people know that having a bad credit history can make it difficult to borrow money - but they may not know it can also affect their chances of getting a bank account.
Can I have a bank account with an IVA?
A bank account is more than just somewhere to keep your money. It also offers a number of useful facilities, such as the ability to use cash machines and pay bills by direct debit, and it will usually pay interest on your balance.
Will a CCJ stop me getting a bank account?
If you have been issued with a CCJ (County Court Judgment), your credit rating will have been seriously affected. The CCJ will remain visible to lenders on your credit history for six years after it is issued, meaning that you may find it relatively difficult and/or expensive to borrow money in this time.
Bank accounts for people with a poor credit history
A poor credit history can affect more than just your chances of obtaining credit: it can also make it difficult to get a regular bank account.
Getting a bank account during bankruptcy
Bankruptcy can help you to clear your debts and make a new start - but it is a significant financial event that will affect you for years to come.
Can`t get a basic bank account
Over the years, bank accounts have become increasingly useful for day-to-day living. They offer us a safe and secure place to keep our money, as well as access to a range of useful facilities.
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