Son's bank account

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Dilbrain

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Post by Dilbrain » Fri Jan 05, 2007 9:15 am
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I have been in an IVA for nearly 5 months, all is going well.
My son ( 16 ) has recently started a part-time job, he has just applied for a bank account. Will the fact that our address is linked to my IVA be a problem for him?
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Storm

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Post by Storm » Fri Jan 05, 2007 9:43 am
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It shouldn't effect him.

The IVA is a flag against you not the address.
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Oliver

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Post by Oliver » Fri Jan 05, 2007 12:41 pm
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This will not affect your Son. Your Son will not be able to apply for credit until he is 18 and if he then chooses to do so and finds there is a problem with his file because of your IVA he will be able to ask the credit agencies to disassociate himself from your debt.




Best Regards
Oliver

Thomas Charles Ltd: Experts in all things IVA
www.thomascharles.com
Best Regards
Oliver
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Dilbrain

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Post by Dilbrain » Fri Jan 05, 2007 1:11 pm
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Thanks for the advice, great as always !
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Oliver

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Post by Oliver » Fri Jan 05, 2007 1:29 pm
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You are more than welcome. Good luck with everything!

Best Regards
Oliver

Thomas Charles Ltd: Experts in all things IVA
www.thomascharles.com
Best Regards
Oliver
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neverending

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Post by neverending » Fri Jan 05, 2007 9:03 pm
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My son,living at home, succesfully applied for and got a loan,with a bank that is part of my IVA!!!
Andy Davie
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iva_squirrel

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Post by iva_squirrel » Sat Jan 06, 2007 5:15 pm
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Great news...Money gives people - both young and old - decision-making opportunities. Educating, motivating, and empowering children to become regular savers and investors will enable them to keep more of the money they earn and do more with the money they spend.

Good luck to your son with his first bank account and his new job.


Kind regards,


Julia

For more information about IVAs, please visit my website:
www.supersonicsquirrel.net
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