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Hi, hope someone can help. My son has a Halifax student account. He has just been in to ask for his overdraft to be extended beyond the current £1000 but was refused. The bank say his credit rating is very low and if he keeps trying it will only get lower. At the moment he has no money to pay his rent before his student loan comes in. He has no other debts, credit cards etc and can't think why it is so low - except that his wallet with NI number and student I.D. was left in a taxi a few months ago. he has sent off for his credit rating from Experian but just wondered if there was any advice in the meantime? thanks.
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Re: Low credit rating-overdraft refused
Mansemum, did he use the account as his main account?
Did he work over the summer and did his money go into that Halifax account?
Has he considered the student credit card merely as a back up and not as a use extra money type of card?"Family means that no one gets forgotten or left behind"
(quote from David Ogden Stiers) -
Re: Low credit rating-overdraft refused
Hi< no he didn't work over the summer, we moved to a different part of the country and he couldn't find a job. His halifax account is his only account, he has a debit card which he uses but he needed to dip into his overdraft last year.Comment
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Re: Low credit rating-overdraft refused
It sounds like his Credit Rating is 'Low' because he has so little data on it. The bank are right though, every time you apply for credit and are declined, you take a knock to your credit rating.
Can he do any short term/cash work to help him in between?
Please, please do NOT let him go near PayDay Loans hun x"Although scalar fields are Lorentz scalars, they may transform nontrivially under other symmetries, such as flavour or isospin. For example, the pion is invariant under the restricted Lorentz group, but is an isospin triplet (meaning it transforms like a three component vector under the SU(2) isospin symmetry). Furthermore, it picks up a negative phase under parity inversion, so it transforms nontrivially under the full Lorentz group; such particles are called pseudoscalar rather than scalar. Most mesons are pseudoscalar particles." (finally explained to a captivated Celestine by Professor Brian Cox on Wednesday 27th June 2012
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