1) Can i seetle with an IVA student loans acquired through SLC?
2) If i settle the overdraft with the bank (plus all other debt) which is up to the limit, can i obtain another bank account (Barclays) or though another bank with switch and pin capabilities.
Hi
Student loans can be included in an IVA but require a high dividend for acceptance.If they are a major creditor it is not unusual for them to stand outside the IVA with other creditors approval
You can obtain another bank account whilst in an IVA,for example the Co-operative banks Cashminder account gives you a visa electron card.
Regards
My student loans were included in my IVA and subsequently settled in my full and final offer which is now completed.
Having a new bank account with someone that you don't owe money to can be a really refreshing and psychologically positive new start in life [:)]
At what stage are you in the process at the moment? If you would like to share a few more details there are lots of people here who can offer some sound advice [:)]
If the Student Loans Company is bound by the terms of your IVA then you will be dischqarged from that debt if you offer a full and final settlement to creditors which is accepted by thr 75% majority.
