Post office account

7 posts Page 1 of 1
Post Reply
 
 

flashingblade

User avatar
Posts: 129
Joined: Mon Nov 20, 2006 5:05 pm
Location: United Kingdom
Post by flashingblade » Mon Jul 30, 2007 4:51 pm
Quote
Hi

does anyone know if you can get a post office basic bank account whilst in an IVA??

And if yes, do i have to tell my IP that i have opened it, and if i dont, is there anyway they can find out??

Thanks all !
IVA in 2007 - failed in 2008.
BR on 11th Nov 08
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Mon Jul 30, 2007 5:15 pm
Quote
Hi
You can open any bank account without your IPs knowledge and you are allowed to save any money that you can from your allowance.
However you must declare all income at your annual review.
Regards

Andy Davie
IVA.co.uk Spokesperson

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
Top
 
 

iva experts

User avatar
Posts: 1271
Joined: Thu Apr 20, 2006 5:31 pm
Location:
Post by iva experts » Mon Jul 30, 2007 5:15 pm
Quote
Hello Flashingblade,

If it is a basic bank account with no credit facility attached, I dont see why you couldn't obtain one. Is there any reason why you havn't tried basic accounts from high street lenders?

My advice would be to always keep your I.P in the loop, that way there are no nasty suprises. Is there any specific reason why you wouldn't want to tell your I.P?

Best Regards. IVA Experts
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
Top
 
 

flashingblade

User avatar
Posts: 129
Joined: Mon Nov 20, 2006 5:05 pm
Location: United Kingdom
Post by flashingblade » Mon Jul 30, 2007 5:55 pm
Quote
Yeah i thought about claiming a benefit for my child that we are entitled to but dont claim cos i would prefer not to get it than the creditors get it.
I know its not ethical, but realistically and judgements aside, is there anyway i could be found out???
IVA in 2007 - failed in 2008.
BR on 11th Nov 08
Top
 
 

Adam Davies

User avatar
Posts: 14596
Joined: Thu Mar 29, 2007 12:21 pm
Location:
Post by Adam Davies » Mon Jul 30, 2007 6:41 pm
Quote
Hi
The claim would be offset against extra expenditure,so you simply inform your IP of the extra money but at the same time inform them of the extra expenditure.
I know how you feel,I really do,but it pays to be upfront and honest.
Regards

Andy Davie
IVA.co.uk Spokesperson

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
Top
 
 

flashingblade

User avatar
Posts: 129
Joined: Mon Nov 20, 2006 5:05 pm
Location: United Kingdom
Post by flashingblade » Mon Jul 30, 2007 7:50 pm
Quote
Just a thought, desperatley trying to manage.
IVA in 2007 - failed in 2008.
BR on 11th Nov 08
Top
 
 

iva experts

User avatar
Posts: 1271
Joined: Thu Apr 20, 2006 5:31 pm
Location:
Post by iva experts » Wed Aug 01, 2007 1:22 pm
Quote
As Andy has mentioned you could always prove that your expenses have increased which would then be offset by your increase in income. I think that it is always better to be honest and upfront with your I.P, that way if something changes there are no suprises.

Best Regards. IVA Experts
Best Regards,
Michelle Pontes
IVA Experts
http://www.iva-experts.co.uk/
Top
Post Reply
7 posts Page 1 of 1
Return to “IVA postbag for august”