upgrading my bank account

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jess

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Post by jess » Thu Nov 22, 2007 8:10 pm
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I entered a IVA on Oct 02 and completed early (successfully) in July 05. I tired twice in the last year o upgrade my bank account to include a debit card. I have indicated that I am not interesed in any overdraft arangement but have been declined. Is the reason because the IVA 6 years is not up. please advices.
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Adam Davies

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Post by Adam Davies » Thu Nov 22, 2007 8:18 pm
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Hi
Yes
Your IVA is still on your credit file until Oct 08
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Skipper

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Post by Skipper » Thu Nov 22, 2007 10:37 pm
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yon are credit scored for a normal Bank a/c. The IVA have to show settled before lenders wil consider an upgrade.

<<My motto:I am proud of black culture and is against racist bigotry>
"Always think outside the box"
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Adam Davies

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Post by Adam Davies » Fri Nov 23, 2007 7:46 pm
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Hi
I think that even if it is shown as settled you will have a problem,you need wait until it falls off the credit reports,six years from the start of the IVA.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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wen

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Post by wen » Fri Nov 23, 2007 7:56 pm
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I take it there is the same circumstances with Bankruptcy? ie. Cannot upgrade a basic account to a standard account until the BR drops off?

Out of interest jess, are you doing this online or in branch? Computers act very black & white, while a real person in a branch might be able to over-ride the rejection if you have a good history. (Though i'm no expert!!!)
Please visit my blog http://adam.blogs.iva.co.uk/
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Adam Davies

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Post by Adam Davies » Fri Nov 23, 2007 9:06 pm
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Hi
Wen makes a very good point.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp
Andam Davies
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Skippy

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Post by Skippy » Mon Nov 26, 2007 10:21 am
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I have heard that even after BR it can be hard to upgrade your account as a lot of banks will ask if you have ever been bankrupt.

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Anika765

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Post by Anika765 » Wed Jun 04, 2008 11:28 am
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There is a way around BR. There are banks that still will upgrade especially if BR had been filed a good chunk of time back. If you are willing to settle without an upgrade for a while to show that you have not had any further problems for a certain period of time then there should not be a problem!
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