Mia move banks now!!! Who to? Well that depends on who your creditors are!! Check for linked banks like lloyds & Halifax or 1st direct & hsbc. The 2 most popular are barclays & co-op, for me neither was an option as both a creditor. I'm with Yorkshire bank but have s back up with nationwide neither have had a problem.
The road is 72months long starting September 2010.
You don't touch HSBC or 1st Direct with a ten foot bargepole! Doesn't matter if they're not a creditor. They trawl the Insolvency Register and will close your account.
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
Kallis I was mearly showing that some banks are linked to one another without the consumer knowing unless they asked or looked up for themselves. My redundant hsbc account is still open I'm waiting to see how long it takes them to close it. 8 months no action so far!!
The road is 72months long starting September 2010.
I wasn't having a knock langerbridge - sorry if it came across that way!
You're lucky the account is still open - we've had lots of posters on here who have suddenly had their accounts closed because of the IVA, even though those accounts have been running perfectly ok for years.
I can't understand why they do that if there are no problems with the account.
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
I still think it's wrong though - no other bank does that as long as you keep your account in credit.
Good job as well!
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
That the thing at the moment - Bank do not make any money out of basic account or very little, even standard current accounts - thats why they all seem to be pushing for packaged account at £13 per month. Fine if you use some of the stuff on them - but personally it a load of overpriced rubbish ! - cheaper searching around indivdually for what you want.
I wouldn't use a paid for account - they wouldn't touch me for travel insurance, have my own breakdown and not really bothered about anything else on there!
I'll stick with the basic Nationwide and still have my full Barclays open for when the IVA finishes.
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
People in ivas must be the bain of every bank manager as there's absolutely now way for them to make money out of us...no lending and no saving. Lloyds actually gave me an account with a higher rate of interest as I declined the overdraft so every month it costs them a couple of quid in interest for me to have an account there! Not to mention to costs of servicing my account. Still...HSBC and First Direct are little monkeys for doing what they do. A bank account is a human right these days.
Totally agree! They may not make money out of us but as long as the account is in credit and we make sure everything is ok then they should let us continue. OK, if we go overdrawn a few times they can close the account as the Co-op do. Otherwise, they should let us carry on.
Rant over!
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
