Business Bank Accounts UK with poor credit. Companies that guarantee to open 1 for a fee - trustworthy?

Hi, Im hoping someone kind will help me! Unfortunately I have poor credit history, thanks to an unscrupulous ex. Im dealing with debts I shouldnt have, but Im doing ok. And I dont live on benefits before I get any rude comments! Ive started a small business, which looks to do nicely, but am currently using my own basic bank account. I really want to make a success of it for mine and my children's sake, but my bank turned me down for a business account. Ive heard a lot about these companies that will 'guarntee to open a 'Big 4' account for a fee . How does this work, are they trustworthy, and if anyone has done it this way - how did they get on? I really hope someone can give me some advice, as I really want to open a business account. Its going to take some time for me to build up my credit rating again. I dont want loans, just the opportunity to make this work in an easier way! Thanks xxxxx

Hi, Firstly let me tell you that the previous person stated that if you can prove that it was not your debt then you can ask to be set aside. Yes correct! but the key point is that if you were cohabiting or married and the funds or the goods were used by both then you are equally liable. At times it will be hard to prove and need to spend quite a bit of time for the process.

Your answer to the question. Yes at time they do work but not always gauranteed. Try Alliance and Leicester for a basic Business Account, they might not offer you and form of Credit or Debit Cards. They will offer you an Electron Card to take money out. How ever be causious that the more often a credit check is done on you the more it will affect you.

Please feel free to ask any further question if you are not sure. If Alliance and leicester does not work then let me know and i will see what i am able to do for you. Report It

If the debts weren't yours, you can prove it was your ex who ran them up, then there is a chance you could get the judgments 'set aside', ie they won't count against you. Talk to the Citizen's Advice Bureau, or some Community Law Service.