alliance and leicester

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Whitegold

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Post by Whitegold » Sun Jul 20, 2008 11:21 am
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I've just heard that Abbey are taking over Alliance and Leicester.
I bank with Alliance and Leicester and am worried as I have a debt in my IVA with Cahoot who are part of Abbey.

Will this affect my bank account when the take over happens?
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pbeck

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Post by pbeck » Sun Jul 20, 2008 11:23 am
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Actually, Banco Santander are taking over A&L, although they happen to own Abbey already.

Your bank account will not be affected as the Cahoot debt is already part of your IVA and cannot be set against post IVA credit balances, even were they to arise in the same institution.
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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kallis3

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Post by kallis3 » Sun Jul 20, 2008 11:36 am
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Me and hubbie had a joint account with Barclays prior to our IVA, when we changed to Nationwide as one of my creditors was Barclaycard. We still have this account open, but there is only 45p in there.

As my Barclaycard is now in my IVA, would I be able to go back to using this account as I have a cheque book and debit card with this, and just a cash card with the Nationwide account.
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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pbeck

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Post by pbeck » Sun Jul 20, 2008 11:41 am
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I see no problem with that.
Philip Beck - www.freeivaadvice.co.uk

Licensed Insolvency Practitioner and IVA specialist since 1996.
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Whitegold

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Post by Whitegold » Sun Jul 20, 2008 12:57 pm
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Hope they don't take away my visa debit facility.

Will they carry out credit checks on all those with Alliance and Leicester accounts?
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MelanieGiles

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Post by MelanieGiles » Sun Jul 20, 2008 2:12 pm
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They might do, if they are concerned about the strength of their new customer base.
Regards, Melanie Giles, Insolvency Practitioner
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