CREDITORS ADVICE PLEASE...

[john.jk]

I am just starting on the road to an IVA
my current account is with natwest and is not connected to my iva !
However royal bank of scotland and tesco visa are going to be part of the IVA application... As i beleive natwest are connected to both of these creditors will this cause a problem with my account !!
Thanks in advance for any help

[chardonnay]

Hi There,
I'm new to this too so take anything I say with a pinch of salt until an expert advises you - and they will on this site, they're amazing.
I was advised to change bank account when I was thinking about an IVA (I was with the halifax). I worried about my wages being swallowed by creditors and I switched to the Co-operative bank who were brilliant.
If you are advised to change I have details on the co-op and my electron card works in most places. Aparently I'll be offered a cheque book after 6 months, which I will take as I have to write a cheque for personal calls on my work mobile. then I can get rid of my personal mobile and save more money.
The people on here will give you all the advice you need, thy really are super.
Best wishes,
Chardonnay x

[rollercoaster]

here here 4 the cooperative, i would advise to switch to them anyway, great bank, great service, instant online transfers etc i tell everyone about the coop, wish i had found them earlier, might not have got into the mess i got in. [;)]

[cfnc]

Hi,

Your IP will be able to confirm whether your account is connected to your creditors, but might be advisable to get an extra account as an fall back though

Kirsty

[plasticdaft]

Hi There,
I'm new to this too so take anything I say with a pinch of salt until an expert advises you - and they will on this site, they're amazing.
I was advised to change bank account when I was thinking about an IVA (I was with the halifax). I worried about my wages being swallowed by creditors and I switched to the Co-operative bank who were brilliant.
If you are advised to change I have details on the co-op and my electron card works in most places. Aparently I'll be offered a cheque book after 6 months, which I will take as I have to write a cheque for personal calls on my work mobile. then I can get rid of my personal mobile and save more money.
The people on here will give you all the advice you need, thy really are super.
Best wishes,
Chardonnay x

I just got my electron card through today,didnt know that I could get a cheque book after 6 months,that will be handy.
Is there anywhere that your electron card hasnt been accepted???

[Soulgrowth]

Hi John,

Just wanted to say good luck on embarking on your IVA, a great decision. Just to be on the safe side my advice from personal experience would be to make sure that to your day-to-day banking facilities have no connection with any of your existing creditors.

Good luck and keep in touch with the forum to let us know how you're getting on.

Debbie