Could anyone please advise me about the 75% ruling on an IVA assessment. Does it mean that 75% of the number of creditors have to agree (i.e. 9 creditors out of 12) or does it refer to 75% of the total value of the debt, regardless of how it is spread amongst the creditors ? Any clarification would ...

I am about to enter an IVA and have been advised by CCCS that it would be wise to open a basic bank account before going too much further. However, I have applied to Nationwide (Basic - Flexaccount) and Nat West (Step) and have been declined by both. I have no CCJ's, defaults or bankruptcy backgroun...