scared :(

[chilipepper]

do i cancel my direct debits as i cant afford for them to go out the bank and do i need to change banks for my wages to go into

[chris.g]

cancel them. You will incur bank charges if they are refused so better to do it asap.

[chilipepper]

ok thankyou

[chris.g]

Another thing, you will need to open another bank account if any of your creditors are the same as your bank. It would probably be better to open a new one anyhow as you have the overdraft. Make sure the new account is with a bank not related to any of your creditors as they can still take payments from the account.

[chilipepper]

how do i know if the bank is not realted to the creditors so many these days

[chilipepper]

i have debt with
lloyds tsb
alliance and leicester
next
halifax (overdraft)
egg

which banks are not linked to these?
thankyou so much i didnt know any of this

[chris.g]

Egg--citi
A&L--Abbey
halifax--first direct
lloyds--lloyds
i'm not sure about next, it should say on your statement or terms and conditions, have a feeling it may be RBS....
The account we have is cashminder with the co-op. It's ideal for people like us

[chilipepper]

what about natwest?

[chris.g]

sorry halifax is not first direct, not sure who they linked with. first direct and hsbc are the same, and looking around the next site it looks like your next card could be with them...sort code starting with 40.
Not sure about natwest, I'll try and find out. be back soon

[chilipepper]

natwest is the RBS just read it on there website

[chris.g]

natwest..royal bank of scotland
x

[chilipepper]

so im confused who do i go to bank with
can i use natwest

[chris.g]

what you need to do is check for sure your next card but to be on the safe side i would go with co-op. You will find that lots of other banks will not allow you to have an account with them if you are in an IVA or bankrupt. It saves having to change banks again...

[chilipepper]

ok i will when i find the statement out, there is no co-op near to me though would rather have an account with a bank at least in my town

[chris.g]

You can apply over the phone with the co-op and make deposits and withdraw free from post offices. I can understand you wanting a bank close to you though, xx