bank account with a creditor after iva set up..

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nra

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Post by nra » Fri Aug 24, 2012 11:10 pm
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is it safe to open a bank account with a bank who was a creditor in my IVA?

IM AFRAID THEY MIGHT SEIZE MY MONEY WHEN I DEPOSIT MY SALARY TO OFFSET THEIR LOSS?

i had a barclaycard whose debt has been sold on post iva commencing and wanted to open a basic bank account with barclays....

any advice???
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Niobe

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Post by Niobe » Fri Aug 24, 2012 11:14 pm
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Hi and welcome.

They can't take your money once in an IVA but it is always advisable to move to a non creditor bank.

Have you considered the Co-op at all? They are very IVA friendly.
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nra

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Post by nra » Sat Aug 25, 2012 11:02 am
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with the co op but dont like that they dont update your online balance for 24 hrs hard to figure out what your money situation is sometimes
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Niobe

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Post by Niobe » Sat Aug 25, 2012 11:10 am
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Try keeping a spreadsheet or use a little book to note down your spending so you can keep an eye,on it.
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nepensioner

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Post by nepensioner » Sat Aug 25, 2012 11:31 am
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Not sure if you have one near you, but Yorkshire Bank have an excellent on-line service that updates within hours.........
F & F Accepted 19th Oct 2010
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