Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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My student loan application is taking aaaaages to come through and ive got myto make some payments come Sept 2nd. They dont tell you much on the phone apart from 'Its being verified' like it has been for the past 2 monts or something silly.
Anyway I applied for a student account with Halifax the other day only to be declined due to what I can only assume is a bad credit rating! I have one credit card with HSBC I think ive missed a payment on once. I just applied for an Equifax statement but after ages on the phone I was told I still hadnt answered enough security questions and need to send them some documents.
I cant think what could give me a bad credit rating, I had a loan from premium finance when I took out my policy with Flux but I cancelled that when I found out about it and had the money refunded.
What do you think I should do? Go to HSBC for a student account? What could cause my application to be declined? 
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Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
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Have you got a student account with anyone else?
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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Nope, first time I tried.
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Jay
Member
Registered: 26th Sep 04
Location: Liverpool
User status: Offline
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Wierd one that
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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may sound a stupid question but did you have all the proof you are actually a student with you?
Also, did they not tell you why it had been declined, or did you not ask?
have you tried the site which does you a free credit rating for 30 days, (just make sure you cancel before 30 days)
http://www.experian.co.uk/
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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Yeah I took my UCAS letter and was told it was all in order.
I assume experian are similiar to Equifax, il have a look.
Otherwise I reckon il ask HSBC about changing my current account to a student one. Would be nice to know why Halifax refused me though!
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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try ringing your branch or npping in where you applied, and ask what was the reason, they'll tell you
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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I did ask when I applied, they said they couldnt tell me anymore though id have to apply for a credit report to find out.
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Rus
Member
Registered: 24th Jan 05
Location: SE London, Kent
User status: Offline
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my first payment came 2 months after i had to pay the course fee's myself. there always late. in my case anyway
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Paul_J
Member
Registered: 6th Jun 02
Location: London
User status: Offline
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it's because you drive a 8v, if you had 16v's this would not be a problem.
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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Cheers Rus  However rubbish news that may be.
Well my credit report has come up as 'Fair', and only shows 1 payment ever as being missed. Its pretty standard tbh as it should be. Nothing to suggest I should be refused a student account though! Will have to speak with HSBC tomorrow.
Strick, cheers for the site. It still cost me 6 quid though, false advertising and all.
Paul mate, do some work.
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strick206
Member
Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
User status: Offline
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quote:
Originally posted by Butler
Cheers Rus However rubbish news that may be.
Well my credit report has come up as 'Fair', and only shows 1 payment ever as being missed. Its pretty standard tbh as it should be. Nothing to suggest I should be refused a student account though! Will have to speak with HSBC tomorrow.
Strick, cheers for the site. It still cost me 6 quid though, false advertising and all.
Paul mate, do some work.
Its a 30 day trial mate, you can choose to cancel before the 30 days is up and you wont be charged
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Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
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mate i got declined for one of the halifax student accounts aswell, go with hsbc, if you already got an account just take proof into the bank and they should be able to transfer you onto one, it needs to be an original copy of a letter from the University/college stating you will be studying next year
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Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
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oh and my credit rating was bad because i've lived at my current address less than two years, what a load of tosh.
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James_DT
Member
Registered: 9th Apr 04
Location: Cambridgeshire
User status: Offline
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When do you start? You'll get the actual loan upto 5 days from the date of enrollment, which will be in the first week.
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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Enrolment is on Sept 10th. Tom ive only been in my current address about a year and half, maybe this is the reason?
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Tom J
Organiser: South Wales
Premium Member
Registered: 8th Sep 03
Location: Bridgend
User status: Offline
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quote:
Originally posted by Butler
Enrolment is on Sept 10th. Tom ive only been in my current address about a year and half, maybe this is the reason?
probably then, that was my problem. go with hsbc dude, i've had my probs with them but been decent enough
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chr15barn3s
Member
Registered: 5th Oct 03
Location: Farnborough
User status: Offline
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Halifax are the shittest bank in the world. Ive had loads of problems with them as they think my credit rating is bad and im in debt etc... so they keep writing to tell me saying they can help me out which really pisses me off. Every time they phone I say im not in debt and dont need help so dont call me again.
I have been to other banks and taken out plenty of credit agreements and my credit score according to them is really high and I have no problem getting accounts and finance.
Halifax are just a bunch of numptys.
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Hamish
Member
Registered: 4th Apr 05
Location: Ashtead, Surrey Drives: 100bhp Mint with Hole
User status: Offline
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Ive never had a problem with halifax. Ive got 4 accounts with them 
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VegasPhil
Premium Member
Registered: 16th Jan 05
Location: Fareham, Hants Drives: Octavia VRS
User status: Offline
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I have a load of accounts with HX too.
Corsa 2.0 16v Vegas - Sold
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Butler
Member
Registered: 2nd Jun 05
Location: London
User status: Offline
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Weird one that, prob same thing as Tom J with regards to my credit rating. Anyhow HSBC were happy to take me on, and didnt even check my credit rating.
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Ive got 3 accounts with Halifax, best bank ive been with.
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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Halifax suck.....all i have to say, in my opinion if you can go elsewhere.
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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I had a nightmare trying to open a Halifax account 
My application was declined even though they had given me an account number ect - turned out after weeks of trying to find out why (nobody would/could give me an explanation) it was simply because I had applied online and hadn't ticked the box to say I accepted their terms and conditions!!!
All sorted now, got my bank card, cheque book ect and a nice grovelling letter of apology 
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