Bad Credit No Credit Credit Card Applications
Just got A&L Premier Direct account with terrible credit ratings, joint application, why?
Myself and my girlfriend both have terrible credit ratings due to bad credit handling when we were around 18 years old, its so bad that seperately, we find it difficult to even get a basic bank account, nevermind a current account, neither of us can get a credit card, contract mobile phone, or anything like that. We applied as joint applicants for the alliance and leicester premier direct current account and unbelievably were approved!!! Im just wondering why, its not like one of our credit ratings is aiding the other as we both have terrible ratings, why the acceptance together when we cannot get anything apart? UK only please and please, no criticising our bad credit is from 5/6 years ago and we are in the process of sorting it out.
Thanks for legitimate answers, i will choose top answer.
On a joint account, they can go after each of you for the whole debt .. plainly having two people they can chase means they are more likley to get their money back …
Also, if you have regular wages coming in, this may have made the difference .. plus the fact that you have no recent defaults and are getting on top of your debts is also likley to have improved your ‘credit rating’ ..
Finally there is the fact that Banks do, occasional, still make mistakes ‘in your favor’ 
.. for example, if you changed address 3-5 years ago, they may not have discovered your old debts (yet)
SO DON’T, whatever you do, ‘bounce’ a payment, go into Overdraft or run up some massive Credit Card debt .. in fact, don’t do anything (such as ask for an Overdraft ‘facility’ or a Personal Loan), that is likley to make them re-check your Credit Rating …
It is NOT unknown for a Bank to arbitrarily close an account and tell their ex-customer that they are ‘unwelcome’ …
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