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business bank account credit checks on shareholders censoring accounts

Submitted on Wednesday 14th August 2013

Rejected on Wednesday 21st June 2017

Current status: Rejected

Rejection code: no-action (see below for details)

Petition Action

business bank account credit checks on shareholders censoring accounts

Additional Information

The credit ratings of directors let alone shareholders are not an indication of the soundness of a business. We need to make sure that banks are more open minded concerning credit checks

The sole director of our business has an exemplary credit record. I must point out that it is a very worrying new development for business when start-up companies are censored from a bank account due to the credit rating of its shareholders!


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