Financial expert warns consumers about the potential negatives of frequent bank account applications, advising to inquire after rejection. Also, Starling Bank is discontinuing interest payments on current accounts, impacting earnings.
Financial expert warns that frequent applications for bank accounts can negatively impact credit score s. If rejected, consumers shouldn't assume it's due to a poor credit history alone; there could be other reasons. It's advised to inquire with the bank for a specific reason. Meanwhile, Starling Bank is discontinuing interest payments on current accounts, affecting customers' earnings.
Additionally, the base rate set by the Bank of England can significantly influence consumer spending and economic growth
Credit Score Bank Applications Starling Bank Interest Payments Base Rate
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