10:18 21 September 2013
Banks know everything about your debts – to whom and how much you owe. This is the reason why opening a new bank account can be very difficult if your credit score is low. One of the best solutions to do that is opening a basic bank account.
Here are some of the main advantages and disadvantages of the basic bank account:
It is important for you to remember that even if you had problems with your past bank accounts; the basic bank account is probably the best way for you to recover, provided you can prove to the bank that you are a trustworthy client with secure finances. It may take some time for you to do that, but it's a good way to go for a new beginning and learn from your past mistakes.
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