Hi All, I've had an IVA for 2 years now, i'm in the process of being made redundant. So looking for a job, will the iva effect my chances of getting a job, as i am aware that companies do credit checks. Also how do i get a basic bank account, only got a savings account, have to get to a branch and get a cheque raised every month to send to my IVA payment.
Seek out the Coop who will open a bank account with a cheque book or HSBC or Abbey - anyone who was not a creditor of yours.
Are you to receive any redundancy monies?
Not heard that employers seek credit checks on potential new employees though
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
Yorkshire Bank have a good basic account with a maestro card & online banking & no credit check. Though you do have to apply in the bank or by phone.
Natwest have a good basic account with a solo card & online banking - you can apply on line too & there are no credit checks either.
If you worry about being asked why you want such account - as banks always want to give you a better account with overdraft. Just say you are just wanting a basic account to put house keeping monies into. Thats what I said to Yorkshire bank when they asked me about over drafts etc & that was fine with them.
I am sorry to hear about your outcome of your job situation & hope things work out for you & that your IVA company supports you through such a difficult time.
Well done for getting this far with your IVA especially with only having a savings account, that can not of been easy - lyns.
Final IVA payment made in April 2013, never ever thought we could do it or get through it but we did! X
An IVA.co.uk Mentor is someone sharing from their experiences of dealing with debt
I think you will find that HSBC are not sympathetic to people in IVA's David.
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
You can get one with the normal current account, but not with the Cashminder, which I think is the account given to IVA's and BR.
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
No, I don't think all companies do credit checks, I think it does depend on what job you go for.
It should tell you on the application form anyway.
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
