On Thu, September 11, 2008 12:02, joseph seddon wrote:
There may be issues at the beginning with
getting a bank account. Given
you are under 18 you will have no credit history.
For a bank that is a bad thing.
This. We found issues including that one director lived at home so had no
bills, etc. in his name. It is a craziness of the UK system that in order
to be considered a "good credit risk" you need to owe money. Owing nobody
money and having no bills is seen as a bad risk! I would *very* strongly
recommend that the signatories to the Memorandum and Articles are:
* over 18
* have not moved home in the last three years
* preferably not in private rented housing
* have never had court judgements against them (CCJ, Bankruptcy, etc) no
matter how long ago they were cleared and (supposedly) wiped from the
record
* in full-time employment
* have a selection of bills in their name
* have a full UK passport
* Be a British national
This may sound excessive (it does to me) but these are what banks now work
on for 'credit scoring' which is all automated rather than the bank
manager using some common sense.
Alison
There is also the case of having a CCJ and not knowing about it!
Gordo
--
"Think Feynman"/////////