what is a bank reference

Discussion in 'Work & Finance' started by littleblonde, Jan 30, 2011.

  1. littleblonde

    littleblonde kacey and sophie

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    we are looking to rent a house and have been asked for a bank reference!our credit isnt great.from passed mistakes. So im worried we wont pass. What does this reference show
     
  2. tessica123

    tessica123 Well-Known Member

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    Not sure what it shows but they tell you bank how much rent is and bank tells them f you are able to cover it, am sure I read that they also check back few months to make csure money been consistent
     
  3. emsiee

    emsiee Mum of 2

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    I think they also provide info relating to any defaults on loan payments too...and how well you manage your account in general :flower:
     
  4. Beautifullove

    Beautifullove Member

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    I used to work in a bank and had these all the time, we would look at your account for credit worthiness e.g would the bank lend you any money, this is reflected by how you run your account e.g going over your overdraft limit. simply as that, dont go through all your in s and outs etc. Dont know if all banks do it this way
     

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