URGENT QUERY - Cater Allen

[Epiphone]

Did you tell them that you had a bad credit history prior to applying or did you just apply?

Did it all on the website then sent of 50 quid deposit. Was all done in a fortnight.

[Sanyu]

If you use one of the providers on here for Cater Allan, there can be a bit of flexibility if they'll talk directly to their sales manager and ask them to pucj it through.

I've sent my Cater Allen application to Contractor UK today. Hopefully something positive will come out of it

[Darren@UptonAccountants]

Bank accounts

The companies that charge for guaranteed business accounts tend to use Natwest Direct Business Banking as they're a lot more flexible.

If you use one of the providers on here for Cater Allan, there can be a bit of flexibility if they'll talk directly to their sales manager and ask them to pucj it through.

[Sanyu]

Okay...seriously...I'm about to give up all hope. Anyone used those companies that promote guaranteed bank accounts?????????
I called one and they said they can get me a high street business passbook account. It's the most basic of accounts but at this point, anything will do just to get my income into a company account.

Another similar type company also mentioned there's a high street business passbook account lurking somewhere. For the love of money....if anyone knows who this high street bank could secretly be.....please...please...tell me so I don't have to pay somebody else to

[Sanyu]

You could try buying an off the shelf company with a bank account

I thought about that!!! Can you do that?????????
Any ideas for websites?

[Mickmanus]

Hi all,

I've been contracting using an agency and finally set up a LTD company 2 weeks ago. Everything was going well until I found out I couldn't get a business bank account because of my adverse credit history.

All I need is a basic account that will accept my income via BACS. I don't need any credit facilities. Does Cater Allen provide such a bank account and is it worth me applying to them through contractor UK??

Your prompt responses would be HIGHLY appreciated as I feel soooo lost at the moment.

You could try buying an off the shelf company with a bank account

[MarillionFan]

Most pawnbrokers offer a chequeing service

hth

[Diestl]

Sanyu,
I nearly opened a Natwest Business Account before Cater Allen, and on the aplication form it mentioned a type of account that catered for bad credit, (its the same account you just tick a box, to say you wont need credit).

[Sanyu]

Try Abbey. My credit record is more shagged than a hooker at dawn but they've given me two accounts in the past.

Did you tell them that you had a bad credit history prior to applying or did you just apply?
I called them on Friday to ask if they cater for the likes of us and they said no. At this point I don't want to apply and keep getting rejected so I've been calling banks to find out in advance.

[Epiphone]

Try Abbey. My credit record is more shagged than a hooker at dawn but they've given me two accounts in the past.

[Sanyu]

There's nothing stopping you getting another personal account for business use, as long as you keep them completely separate and NEVER just withdraw money out of it for personal use. You won't get all the business services like free BACS payments, but other than that it should be fine.

I wouldn't be able to do that because it's a limited company and as such needs a bank account in the company's name.
I'm currently getting my income going into my personal account but it's PAYE. As a limited company I would be getting the gross income and save more tax.

[Cowboy Bob]

There's nothing stopping you getting another personal account for business use, as long as you keep them completely separate and NEVER just withdraw money out of it for personal use. You won't get all the business services like free BACS payments, but other than that it should be fine.

[Sanyu]

Well, I have a pretty hefty CCJ as I went into a debt management program 2 years ago (damned loans and credit cards). I've never missed a payment though.

But it's killing me that you can get a basic personal account and can't get a basic business account. I mean.....WTF????????????

[Diestl]

How bad is your history?, check equifax etc, I got a carter allen account no problem, but ive never missed a payment in the last 6 years.

[Sanyu]

Hi all,

I've been contracting using an agency and finally set up a LTD company 2 weeks ago. Everything was going well until I found out I couldn't get a business bank account because of my adverse credit history.

All I need is a basic account that will accept my income via BACS. I don't need any credit facilities. Does Cater Allen provide such a bank account and is it worth me applying to them through contractor UK??

Your prompt responses would be HIGHLY appreciated as I feel soooo lost at the moment.