Business Accounts for Poor Credit
Opening Business Accounts for Poor Credit can prove to be very difficult with any of the main high street banks as each applicant will have their credit rating checked as part of the opening process, meaning anyone found to have poor credit, will almost certainly be declined.
Why would you be declined for new Business accounts for poor credit?
All of the major banks will perform a credit check on all the main business principles whether a Limited Company, Partnership or a Sole Trader, so in order to open a new business account, each one must have a good credit rating.
As the banks often have very little to go on, they will use these credit reports to ascertain if the individuals involved are credit worthy and will pass the checks, so if you have any sign of adverse credit your application will almost certainly be declined.
Business Accounts for Poor Credit.
If you need to open a new business account but have poor credit the best way to guarantee your account is opened is to avoid the need of a credit check during the application process, which is exactly what we can help do for anyone who has a poor credit rating.
These FCA Regulated accounts totally avoid the need of any credit checks and are based only on your identity, as long as you can be formally identified, either electronically or by producing a copy of your valid ID, then you can open a new business account GUARANTEED.
New accounts can generally be opened within 48 hours when your new sort code & account number will be issued meaning it can be available for immediate use.