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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

First Direct Have Turned me down for Joint Acct with DH....because I am a SAHM?

70 replies

BeyondRepair · 10/05/2014 11:30

I am so upset.

There is nothing adverse on my credit file apparently...I know I have been on electoral role for about 10 years.

They will not tell me what their criteria is.

I can only think its because I have said I will not be paying anything into the account as I am A SAHM, but DH pays into the account....

I feel like utter crap.

I am married to DH his wage is our wage....he is supporting me whilst I rear our baby FFS.

OP posts:
HappyMummyOfOne · 10/05/2014 12:25

Posting numerous times on the same subject wont change replies. Its likely to have nothing to do with the fact you have no income if not requesting credit but likely your own credit rating. Stop trying to turn into into a discrimination situation, its not and neither would there be any compensation for turning you down.

It takes minutes to get your credit report, you could have had one several times over instead of just reposting in here.

teacherwith2kids · 10/05/2014 12:33

"Teacher I put down no money of mine would be going into account, there is a box to tick...how much £ will be going in, and a longer list of money going in."

That would have been exactly the same for me. SAHM, no individual source of income.

However, I did have a credit history, having had a bank account since the age of 15 which came with a credit card (in the days when Barclaycard was a cheque guarantee card AND a credit card - and when ATMs and debit cards were as yet in the future). I am sure it is tha lack of credit history that is the issue, not your work status.

[When we got our mortgage, the person we were dealing with asked what my job awas. I said 'mother'. They innocently asked 'We have 2 options there - Mother, or Mother Superior. Which one should I click?']

Original poster
BeyondRepair · 10/05/2014 12:37

Posting numerous times on the same subject wont change replies

I have posted on the same subject twice....in Money matters in case someone has more information there and here because there is more traffic.

You seen upset with me happy that I am trying to find out whats going on.....I have already been give some great advice...which is what MN is supposed to be for.

I am feeling pretty shit and worthless right now and worth nothing and totally in the dark about why I cant go on my DH account.

Thanks teacher! I thought my credit rating would have taken into account....no use of credit cards and because it seemed good it didn't matter but thanks to the helpful, kind people on this thread, 99% of them.......I am getting a clearer picture of whats needed.

happy compensation has never even entered my mind, that a strange comment.

OP posts:
Viviennemary · 10/05/2014 12:39

I think it will be to do with you not having built up your own credit rating and maybe because you first applied in your maiden name. Not saying that it's right but I think that will be the reason. Get your DH to ring up their complaints department as it's his account at the moment and I expect they will probably review their decision.

Original poster
BeyondRepair · 10/05/2014 12:44

Just wanted to say a huge thanks to all the helpful replies...when I saw the letter this morning I thought " at last!!! I am on it" I burst into tears when it was a reject letter, then when I called them up, they seemed positive about my Experian rating ( she got me to read out the letter) so my only conclusion was it was down to my no income....

I felt pretty crap esp as I asked her, what can I do to move forward with this and make right the wrongs that mean I cant go on the account and she said we cant tell you..

Now I have some good ideas....to try and see what we can do....Flowers

ATM I feel like a second class citizen...

OP posts:
itiswhatitiswhatitis · 10/05/2014 12:44

Interestingly I have just been added to my dh's first direct account without issue and I have been a SAHM for ten years. However I do have previous credit history and my own bank account has a overdraft facility, plus we have joint credit cards etc.

Original poster
BeyondRepair · 10/05/2014 12:45

Thanks itis its narrowing it down then to my credit history....

OP posts:
Oriunda · 10/05/2014 14:19

I'm a SAHM and never any problems opening bank accounts (in my maiden name) or getting a credit card. I've got a long credit history though (all positive) and have had multiple credit cards/bank accounts/loans etc all paid off over the years. When I'm asked about my income, I just come up with the rough amount that DH transfers to my bank account over the year and divide by 12.

I would suggest you apply for a credit card, perhaps using your husband's income as yours (assuming that you can comfortably pay it off each month) and work on building up a credit history. Also get one household bill in your name too.

SpeedwellBlue · 10/05/2014 14:29

You could do what Bruno said and tell them you will look into moving your mortgage and other cards to another bank who will let you have a joint account.

Original poster
BeyondRepair · 10/05/2014 14:35

Also get one household bill in your name too

But will they let me, with no history and also, I thought the amount of times people looked at your account also went agaisnt you...

so bloody frustrating!

OP posts:
OddBoots · 10/05/2014 14:35

Other than a credit card could you put some of the household utilities into your name? They work like credit so may well show up positively for you.

Original poster
BeyondRepair · 10/05/2014 14:37

I would suggest you apply for a credit card, perhaps using your husband's income as yours

Can I do this wont they see what goes in and out my bank?

OP posts:
sparklyskyy · 10/05/2014 14:45

Beyond what exactly did your decline letter say? I don't mean the whole thing but the few lines where it gives the reason for the decline?

You mentioned a mortgage, is it joint between you and your husband?

sparklyskyy · 10/05/2014 14:47

Oh and someone up thread mentioned that people can be declined because they won't make the banks money, that would be illegal. The larger banking establishments would not get away with practices like that.

sparklyskyy · 10/05/2014 14:49

Also, if you use your husband's income as your own this would be classed as fraudulent as you would be knowingly giving false information to obtain a credit facility.

Original poster
BeyondRepair · 10/05/2014 14:54

sparkl it says...

  • I did not meet opening acount criteria.

  • We use credit scoring, a stat technique used by other lenders...we divide the application into sections to make it fair.Each is given a value and goes to total score. If you total score does not equal or exceed a set figure you will be declined.

  • please do not think this is a reflection on your financial status. its simply a way of ensuring any account is right for your circumstances. ( its right for my DH...but not for me and are situation is the same!)

  • Whilst we cannot discuss this further with you, when looking at your application we approached an agency called Experian. We are pleased to confirm that no adverse information was held about you at this agency.

OP posts:
Original poster
BeyondRepair · 10/05/2014 14:59

No the mortgage is in his name,at the time about 8 years ago I still had a default on my OD showing on my credit file ( from uni days) we would have paid much higher rate had I gone on it..

so he did it in his name as his credit was very good....

I just feel cut off from family finances. My DH is not good at some stuff for instance there is money there to pay for school meals and yet we get sent about 10 reminders to pay on line before DH wll get round to actually paying them...things like that, I feel frustrated....

OP posts:
sparklyskyy · 10/05/2014 15:11

Hmm, it seems strange that you singly (sp? actual word??) have been declined for a joint account but he has been accepted? From the first line of the letter it appears that that particular account has specific criteria that needs to be met for you to be able to get it (which you haven't met) examples of this are:
Over 18
Pay a min £xxxx account per month
Must have direct debits on it etc etc

From what you've said you won't specifically be paying any money in yourself but your DH will, in my experience that shouldn't make any difference as long as money from somewhere is going in. Every lender assesses applications differently so it could be a different (and unusual) way of assessing credit worthiness that they look at your circumstances separately.

They should be able to give you more information on your decline reason when you speak to them. They can't tell you anything that would affect the integrity of their assessing policies but even if they told you that you'd failed their internal application score, that would help you to know the reason.

If you'd been declined because you have no income of your income they could tell you that.

You have the right to appeal the decision but it may be the case that you'll have to apply elsewhere.

nandossauce · 10/05/2014 16:00

I'm a sahm and been added to DH's FD account (he held it as a single account first). I have a very small amount of income from carer's benefits. My credit history has been up and down, had defaults but over 6 years ago so not appearing on Experian etc now. I have a few credit cards though, which I've maintained well over the past few years (small amount of spending every month with balance cleared in full), plus mobile contract in my name. It's not good for your credit rating to have no credit at all.

deakymom · 10/05/2014 16:09

bit odd really as i went to barclays and my partner (now husband) had a really really bad credit history they gave us a joint account no problems and im a sahm

Original poster
BeyondRepair · 10/05/2014 16:10

They can't tell you anything that would affect the integrity of their assessing policies
They would not tell me a single thing.

OP posts:
Original poster
BeyondRepair · 10/05/2014 16:12

I f my DH stops his wage going into FD nad put it in my account would they care at FD or notice...or stop his current account.

OP posts:
sparklyskyy · 10/05/2014 16:59

You'd have to check the Ts&Cs on the account.

Did you get to speak to someone in their application assessment department? If it was someone in cust services they are unlikely to know any more info than you've been given. If you can't speak to anyone there and they will not elaborate any further on your decline reason you could go through their formal complaints process requesting the specific reason for your decline.

Neverknowingly · 10/05/2014 17:12

Just flow the cash. Our FD account has no T&C about salary being paid in. Just a certain amount of income. Same with our Nationwide and Halifax accounts. Salary goes into one account we flow the funds through the other two accounts (takes minutes and only that because I have not done it by standing order which I easily could) to meet all the criterion and get the benefits of all the accounts.

FD have always been good about responding to my complaints (I have many but then I'm difficult) so perhaps your husband should try complaining to them and suggesting withdrawing his custom.

Why do you feel cut off from family finances though? I mean my DH and I know all of each others internet banking log on details and we treat all 3 accounts as "ours" whereas technically they are not. Seems odd that your DH is willing to have a joint account with you but treats log-in details (which would seem to be all you need) as a secret?

Original poster
BeyondRepair · 10/05/2014 17:31

DH is willing to have a joint account with you but treats log-in details (which would seem to be all you need) as a secret?

He isn't deliberately holding it back, its huge massive procrastination, I have been asking for months for him to open account for our youngest DD,months, and months...to chuck £50 then start to add to £4 a month or something!

He is doing it today because I have crazily nagged him too...this is how it works here. I will have to ask for passwords now, and stuff.

never when you say flow the cash, does it have to be in any account for any lenght of time?

I like FD so far from way they have dealt with DH in past...so am upset...

Thanks to all you lovely ladies I have a plan of action now, and should be applying for a CC - today....and DH is checking eXPERIAN now.
Then I am going to talk to my bank about updating my account with him on it...then he is going to complain to FD also...

spakley

No, I just rang normal no, told problem and said not sure if your right person etc...

OP posts:
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