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Author Topic: Bank account question  (Read 2420 times)

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tigers_gonads

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Re: Bank account question
« Reply #15 on: 23 January 2016, 10:57:59 »

Apologies for disappearing, I had family shite to smash heads together sort out  ::)

The original business account was closed last week apparently.
The businesses current owners credit rating is only slightly better then mine due to Barclays foreclosing on his business loan a few weeks after the banks went pop and then offering him a new loan a full 6% higher  >:(
He went bankrupt 6 months later  :-X 

Matt ...............  I'm pretty sure your right on the single bank account thing but since i've got a close to zero credit rating and a slightly dubious financial past  ;) You can bet your life that the tax man will be watching me very closely so everything will need to be 100% above board and visible  ;)

I'm off in town this afternoon so i'll pop into a few more banks and see if I can sort anything out.

Cheers Lads  :)
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moggy

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Re: Bank account question
« Reply #16 on: 23 January 2016, 11:32:40 »

Apologies for disappearing, I had family shite to smash heads together sort out  ::)

The original business account was closed last week apparently.
The businesses current owners credit rating is only slightly better then mine due to Barclays foreclosing on his business loan a few weeks after the banks went pop and then offering him a new loan a full 6% higher  >:(
He went bankrupt 6 months later  :-X 

Matt ...............  I'm pretty sure your right on the single bank account thing but since i've got a close to zero credit rating and a slightly dubious financial past  ;) You can bet your life that the tax man will be watching me very closely so everything will need to be 100% above board and visible  ;)

I'm off in town this afternoon so i'll pop into a few more banks and see if I can sort anything out.

Cheers Lads  :)
TG i feel your pain,as regards to bankruptcy and bank accounts ect.But i would like to say thanks for your comments and advice,on my situation.Despite your own problems,Regards Dean.
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Gaffers

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Re: Bank account question
« Reply #17 on: 23 January 2016, 15:01:30 »

You are probably right ref the taxman but to be honest I wouldn't think they would sign let you out for bankruptcy. If you had done tax evasion then yes on you like a hawk.  But it won't be any different if you open a business account.  It is linked to a person and their credit record. In this case, you.

If anything you have an opportunity to rebuild your credit here with a modest income and good financial management .  If a few months down the line you feel you need a separate account, speak to the bank show them what you have been doing and go from there.  You will pay a monthly fee for a business account so it will be in their interest too.
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