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24/04/2013 3:40 pm
I entered a trust deed back in 2007 and it finished in March of 2010. In this whole time i have had a basic bank account with Santander. I've never had late charges and always had enough money in the bank to cover my expenses but i wanted to open a normal account with debit card. I went in yesterday and my application was rejected because i'm listed as being a bankrupt. How can this be when it was a Trust Deed? I can't access Experian as i have no debit card to register and i don't know what to do. Does anyone have any advice?
24/04/2013 3:59 pm
Welcome to Trust-Deed.co.uk Booboo.
The Co-op Cashminder account might be worth a try. It's had some good feedback on here over the years and few people have been turned down. It comes with a debit card.
There's more information about it at:
(Link updated 2020: https://www.trust-deed.co.uk/bank-accounts.html)
Bankruptcy and trust deeds are both forms of personal insolvency. It seems that Santander might be lumping them both together.
Qualified Debt Adviser & Forum Administrator - Ask me anything about Trust Deeds 
25/04/2013 8:52 am
Hi Booboo, after my TD in 2009 I upgraded to a current account with RBS with no probs. You can get your self a pre paid card - Visa or Mastercard, just google it - and use that to register on Noddle to see your credit report for free. Before upgrading I did have a Vanquis Card and also a catalogue that I paid in full every month, these were a positive entry every month on my credit report - I also had a contract mobile throughout my TD and after that was paid every month. Have you tried re-building your credit rating? This may be the way to go first before trying to get a current account. The prepaid Mastercard I had to start with had a credit building option on it (a small charge to card you paid back every month at no interest) TBH I have no idea if this helped or not - although one year after TD I got finance for a car aswell as 2 years after TD I got a mortgage so maybe it did.
Hope this helps.
Topic starter
25/04/2013 2:00 pm
Thank you for the welcome and your advice. I thought because i'd been with Santander for over 6 years and had no bother in the whole time that i would have been eligible for a debit card. The lady that dealt with me has said she'll put in an appeal and that i may be lucky to be offered a Visa Electron card. If not, i think i'll go for the Co-op one.
25/04/2013 2:07 pm
Any change of account with a potencial for lending services (debit garuntee card etc) normaly goes through a credit check. If you also on a basic account and moving off it most banks will preform a check as part of the course.
The Co-Op option is good. Barclays is also meant to be good (as long as they are not part of your creditors while in a TD).
The most important thing for you it to now is rebuild your credit score as discussed above. Then getting a debit card should be easy!
Half way already!
