Can the IP see the activity of your bank account?

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Donnadt83

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Post by Donnadt83 » Tue Jun 07, 2016 6:22 pm
Can the IP see the activity of your bank account?
 
 

kallis3

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Post by kallis3 » Tue Jun 07, 2016 6:43 pm
Hi and welcome,

Unless your IP wants to see bank statements (which a lot of them do) then they cannot see the activity.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

relieved33

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Post by relieved33 » Tue Jun 07, 2016 6:49 pm
We had to send off bank statements but that's more for payments in and direct debits. I think they're too busy for tiny detail but you could always withdraw cash if it was you didn't want them to see where you were shopping!

Personally, I never had an issue with it as we never had much spare to spend anyway!
 
 

Foggy

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Post by Foggy » Tue Jun 07, 2016 6:55 pm
As above -- only from statements you provide.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
 
 

Lisa Thomas

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Post by Lisa Thomas » Wed Jun 08, 2016 10:02 am
We are entitled to see the bank statements if necessary. Some IPs review these whilst others do not.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

Shining

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Post by Shining » Wed Jun 08, 2016 10:05 am
Hi and welcome, hope the above has answered your questions, any others, just ask, we're here to help.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

lifenoteasy

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Post by lifenoteasy » Wed Jun 08, 2016 10:40 am
2 things to bear in mind - Creditfix were rolling out an app that allowed bank statements to be downloaded.

Also be wary of any company that offers banking activity as part of their overall package. I'm not convinced they understand what the boundaries are.
IVA started March 2011, Completed March 2016 and certificate issued 11 days after final payment. It was not always easy but then some of the best decisions aren't.
 
 

SUC

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Post by SUC » Wed Jun 08, 2016 11:55 pm
DO IP's really have the manpower and time to scrutinize everyone's bank statements.
 
 

Shining

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Post by Shining » Thu Jun 09, 2016 2:59 am
I doubt the IP would, but maybe a staff member would maybe scan over them to see if anything popped out that was outside the 'norm'.

I never had to send bank statements in, however, if I did, I'd be thinking they were scrutinising them.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Thu Jun 09, 2016 8:18 am
I only had to do it once, which was when I made my full and final (obviously to check where the money was coming from) and I just blacked out other details and they never queried it.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
 
 

Lisa Thomas

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Post by Lisa Thomas » Thu Jun 09, 2016 1:08 pm
I do but understand other firms do not.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
 
 

wannabedj

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Post by wannabedj » Thu Jun 09, 2016 2:23 pm
Aperture asked for my bank statements every year (well Baines & Ernst 1st and then GT). Easily downloaded and sent off with no probs.
If Football was meant to have been played in the air then God would have put Grass in the Sky
 
 

Shining

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Post by Shining » Thu Jun 09, 2016 2:34 pm
Lisa, how thoroughly are they looked at? If you don't mind me asking.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

Lisa Thomas

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Post by Lisa Thomas » Mon Jun 13, 2016 10:10 am
font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by lesley_

Lisa, how thoroughly are they looked at? If you don't mind me asking.
In one particular case quite carefully - there was lots of unnecessary spending on designer items and frivolous items and I warned the debtor he would not be able to maintain his contributions if he continued spending in that manner, which is exactly what happened and I am now trying to help him with a variation order in order to avoid BKY.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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