Unable to open a business bank account due to one default (paid off in full) 3 years ago.
Hi, I've recently gone freelance, and have found that most companies will only pay contractors via the contractors own Ltd co.
So I set up a Ltd co. Spoke to HSBC to open a business bank account, I said I didn't need an overdraft or biz loan, but was offered a credit card.
I told the adviser I had a default from the particularly nasty NatWest one month. This was 3 years ago when I was made redundant and ex aso stopped paying maintenance at same time. When I explained the situation to NatWest they promptly withdrew my overdraft. This has all been paid off in full, as I took money from my ISA to pay it off.
I now have over £100k in my personal accounts, as I sold my house and I'm renting before finding next property. I have no debt whatsoever.
I've now been refused a business bank account - effectively preventing me from working as a contractor. What can I do?