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Originally Posted by cakelover
Perhaps someone can shed some light on this! I'm about to enter my second year and am a married mature student (35). I have applied to Royal Bank of Scotland, HSBC and Natwest for student accounts - I have been rejected from all three (this is over the past year). None of them will give me reasons why - except they state that I have no credit history. But do 18 year olds applying for student accounts have much of a credit history? I got my credit report and there are no problems and there is a good history. Has anyone else had problems getting a student account or can you recommend a bank that might be more open... I'm annoyed and frustrated, especially as I can't seem to get any other reason. Natwest tried overriding the computer, but ultimately 'the computer says no'. I've managed to supplement with part-time work but can't go on like this throughout the degree! GRRRRR
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I think it's odd how 18 year olds with no credit history can get student bank accounts very very easily, yet it's impossible for you.
Credit reports are based on a lot of things, i.e. the more credit cards you have, the better it is, as long as you are keeping up repayment, loans etc all help. If you are over a certain age and have never had these, or have been in arrears, then this will lower you rating. Obviously, your credit report was all above board, however this does not mean that you credit score is high enough to be eligible for a student account...Is all very complex.
I hope someone out there gives you one, hun.
student accounts - baffled
