Getting a bad credit bank account

17 February2009

If you have a poor credit rating, then you might be worried about being refused for a bank account.

There are several reasons why you may have found it difficult to open a new bank account:

  • County Court Judgments
  • Bankruptcy
  • Mortgage / rent arrears
  • Generally poor credit rating

Bad credit bank account with Think Banking

Think Banking understands your situation. That`s why we created a managed bank account - an account that we manage on your behalf, so you can enjoy peace of mind.

Each time you are paid, we divide your salary into two `accounts`. One covers your commitments - mortgage/rent, household bills, debt repayments, etc. The rest goes into your Card Account - and you can safely spend this money as you wish.

By dividing your salary in this way, you can be sure that you`ll never miss another payment - and that means no more getting into debt.

Advantages of a managed bank account

Personal account manager

Every Think Banking account holder has their own personal account manager (known as your Money Manager), who is on call to help with any queries you may have. Whether it`s a general enquiry about your balance, a bank transfer or a new arrangement, our advisers will be happy to help.

No unexpected charges

Most of us have been caught out by unexpected bank charges in the past. With a Think Banking account, you no longer need to worry. Since your commitments are taken care of as soon as your money enters your account, you can be sure that you won`t accidentally spend money that was meant for your bills.

In fact, even if you accidentally go overdrawn, we won`t charge you - your Money Manager will simply give you a call to discuss whether your arrangements need changing.

Less hassle

Even people with the most organised finances will admit that budgeting for bills and other essential costs can be a chore. With a Think Banking account, we do the hard work for you, leaving you to relax.

If you’re looking for a bad credit bank account, or if you simply want to take the hassle out of managing your money, let Think Banking take care of your finances.

Try our free 30 second debt test

Answer a few simple questions and we'll give you an instant recommendation on your best way out of debt.

Your Situation

Your Details

Your privacy is important to us. All correspondence is held in the strictest of confidence and we will only request information required to find your best debt solution.


Tags: bad credit bank account, bank account bad credit, bank accounts with bad credit, poor credit, poor credit bank accounts

Fees payable when continuing service is provided. Repaying debt over a longer period may increase the total amount to be repaid. Calls are recorded and are usually free from UK landlines. Mobile phone users may be charged and should check with their service provider.

Think Money Limited © 2010. All rights reserved. Pennington House, Carolina Way, South Langworthy Road, Salford Quays M50 2ZY. Company Reg No: 04926097. Registered in England and Wales.