Checking your credit file

According to a recent study, over 65% of people do not know what their credit file looks like. This means that if at any time an application for a bank account or loan is made, you could be diminishing your credit history further if the application is rejected by the lender.

This becomes a viscous circle as the only way to rebuild your credit history is by having a bank account, but if you can’t get one, what hope is there?

Fortunately, on the market there are bank accounts for people with bad credit which work much in the same way as a normal bank account, but your credit history is not taken into account when processing your application.

In fact, there are many other finance options available if you have bad credit, such as bad credit secured loans or bad credit mortgages. These are all available to those who would be otherwise rejected by mainstream lenders.