If the defaults are causing the problem, you can go through them individually to see if the records can be removed/corrected. For example, you should be notified by the lender that they will record a default if payment isn't made before they can properly record the default. If you were not notified or if there was another reason why the default should not have been recorded, you can first ask the lender, secondly the credit reference agencies, to correct the record.

Hi, basically my hubby has run a business bank account with his limited company with HSBC for over 20 years. He has now decided to go on his own and set up a new limited company. problem is we need a new bank account and HSBC have turned us down.

his credit score is 895 but he has (and we didnt realise this) 5 defaults on his file one is now showing as satisfied. I have spoken to Natwest about their foundation business account as we need to pay his men via bacs dont really wanna go back to a cheque book and he needs a debit card for fuel etc. but even she said they cannot guarantee we will be accepted!!

The new company has now been registered with companies house and I need to get an account open asap! what can we do? please please help thanks