Credit checking
Discussion
Can anyone explain something that happened last week?
My son attempted to open a current account and savings account with HSBC, they declined to open either after credit checking him.
We've looked on Experion and he scores 950 - he's 21, full-time employed with no loans/HP/credit cards.
His existing account (student current a/c) has a £1500 overdraft which has been unused for a year at least.
I'm just a bit unsure of why a bank would decline him, especially as their explanation was basically 'computer says no'
My son attempted to open a current account and savings account with HSBC, they declined to open either after credit checking him.
We've looked on Experion and he scores 950 - he's 21, full-time employed with no loans/HP/credit cards.
His existing account (student current a/c) has a £1500 overdraft which has been unused for a year at least.
I'm just a bit unsure of why a bank would decline him, especially as their explanation was basically 'computer says no'
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