a savings account without a credit check?

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alyson.b

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Post by alyson.b » Wed Feb 27, 2008 5:13 pm
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Hi Emily,

I bank with the Coperative bank-never owed them any money- and they told me that I had been turned down for a savings account due to my experian file.I have been with them 6 years-never overdrawn. It was definitely my IVA record even though it is complete-I realise it will show for another 4 months.
Anyway I will try Abby.Thank you all so much and good luck.
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basketman

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Post by basketman » Sun Jul 20, 2008 4:50 pm
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Hello,ive nearly completed my first year of an IVA,just a few questions,RE savings,i have opened a savings account and plan to put a little money in each month,can this money be taken from me by the IVA/Creditors when they see that i have spare money?also,if i wish to get married/start a family,what is my position with the IVA then?also does anyone know where it is possible to get a consolidation loan to finish an IVA early?as i feel that the IVA is going to ruin my life for the next five years if i cant do anything,eg save for my future!

Cheers,

Basket
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kallis3

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Post by kallis3 » Sun Jul 20, 2008 4:57 pm
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Hi Basketman and welcome to the forum.

I think there are several people on here who have savings whilst in an IVA, but obviously not vast amounts! If you are able to make small savings from your allowance per month, then that, I believe, is permitted.

As regards marriage, I am not sure of the position there, so will let one of the experts answer that.

I personally would not consider getting a loan to pay off my IVA. Apart from the fact that your credit rating is shot to pieces, it is taking out extra credit, and why would you want to do that?

That's what got you into this mess in the first place.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Viki.W

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Post by Viki.W » Sun Jul 20, 2008 4:59 pm
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Hey basket, if you're anything like me then I would have thought you'd be sick of consolidation loans! I don't see the sense in getting a loan to pay for an IVA. No-one would give you one anyway. Are you struggling to make your monthly payment? If you're able to save a little each month from cutting back then your money should be safe. Hang in there, I'm sure it will work out for you. X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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kallis3

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Post by kallis3 » Sun Jul 20, 2008 5:01 pm
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Viki,

He's also done a separate post for this one, so I've just copied mine across to that one.

I had a consolidation loan to pay off my debts - then ran them up again!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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Viki.W

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Post by Viki.W » Sun Jul 20, 2008 5:08 pm
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Thanks Jan, I'm so proud of myself, I worked out how to copy it all on my own.[:I] X
If you would like to talk to me about your debt problems, please visit:
http://www.vincentbond.com/about_us_Viki_Warbrooke.asp
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