Alliance & Leicester / MBNA

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joeblack

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Post by joeblack » Mon Nov 23, 2009 7:15 pm
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Hi
I currently have a bank account with Alliance & Leicester and also an Alliance&Leicester credit card which is supplied by MBNA, does this mean that my debt is with MBNA and not Alliance&Leicester thus allowing me to keep the bank account if my IVA is succesful?

Cheers
JB
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Cath

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Post by Cath » Mon Nov 23, 2009 7:25 pm
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Good question but I don't know the answer hopefully an expert will be along to advise.

A&L are part of Santander Consumer Finance of which Abbey are also an arm of, so check out if you have any debts with these too!
7 year IVA completed in December 2016 - there is light at the end of that tunnel
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kallis3

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Post by kallis3 » Mon Nov 23, 2009 7:35 pm
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I'm not 100% sure but I would think that your creditor will be Alliance and Leicester.

As I say though, I could be wrong - hopefully one of the experts will be along to confirm or otherwise.
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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joeblack

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Post by joeblack » Mon Nov 23, 2009 7:39 pm
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I have debts with Abbey, but we recently got new cards and letter stating that MBNA now supply the A&L card even though A&L are part of the Santander group, I do not owe any money to my A&L bank account so was hoping I might be able to keep it if the credit card debt is to MBNA.
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kallis3

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Post by kallis3 » Mon Nov 23, 2009 7:42 pm
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As I said, I don't really know. It could just be that MBNA supply the card but A&L administer it.

Someone will be able to give you a definitive answer soon.
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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MelanieGiles

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Post by MelanieGiles » Mon Nov 23, 2009 10:49 pm
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The Alliance and Leicester card supplied by MBNA will be a debt with MBNA.
Regards, Melanie Giles, Insolvency Practitioner
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joeblack

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Post by joeblack » Tue Nov 24, 2009 11:04 am
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Hi Melanie

Thanks for the answer, I was hoping that was the case. So should I be able to keep the A&L bank account as I don't owe any money to the bank?
JB
MelanieGiles wrote:

The Alliance and Leicester card supplied by MBNA will be a debt with MBNA.
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MelanieGiles

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Post by MelanieGiles » Tue Nov 24, 2009 11:54 am
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It would appear so, but to be on the absolute safe side a current account with a completely unrelated bank might be a sensible step if you can.
Regards, Melanie Giles, Insolvency Practitioner
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