co-op account

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ray_a

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Post by ray_a » Tue Dec 11, 2007 9:39 pm
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When opening mine they gave me the impression that there must be a sufficient surplus each month!
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Adam Davies

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Post by Adam Davies » Tue Dec 11, 2007 11:04 pm
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Hi
I had the same feeling Ray.
I'm sure that income and expenditure plays a part,but they only ask for basics like housing costs[mortgage/rent] and council tax.I wonder if they have a certain % max regarding housing cost v income,simliar to some creditors not accepting housing costs that are 40% or more of income in an IVA.

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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wen

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Post by wen » Wed Dec 12, 2007 12:55 am
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I suppose although these accounts are non-credit accounts, at the end of the day if you had everything set up on direct debits and weren't earning enough then you could accumulate quite a few £19.50 charges and run into an unauthorised overdraft.

I suppose that is one advantage of the Think banking account as that won't happen!
Please visit my blog http://adam.blogs.iva.co.uk/
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Adam Davies

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Post by Adam Davies » Wed Dec 12, 2007 7:32 pm
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Hi
Good point Wen

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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nic_23

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Post by nic_23 » Wed Dec 12, 2007 8:26 pm
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Having just had my Iva accepted last month, I had read on here that CO-OP were really great for their cashminder acc.I wanted the internet banking and post ofice deposit bit most so went onto their website and got their number. I rang and spoke to alovely lady whom i explained my situation to and she said I would be fine to apply-she did advise me it would probably be referred but reassured me that the co-op did not mind people in IVa's. I got my welcome pack through the door a few days later and a visa electron card.I also opened a basic saver with them which i can also see when i log online. I am so pleased as this is going to help me manage my funds alot better! Give them a call!
xxnic
Forgot to mention they didnt ask me anyhting about income and expenditure! Not a thing!
Last edited by nic_23 on Wed Dec 12, 2007 8:28 pm, edited 1 time in total.
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Adam Davies

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Post by Adam Davies » Wed Dec 12, 2007 8:57 pm
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Hi
Strange because I was accepted for a cashminder account last week and was asked for income and certain expenditure details
Regards

Andy Davie
IVA.co.uk Spokesperson and Website Manager

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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