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DebtProblem

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Post by DebtProblem » Mon Mar 09, 2009 2:16 pm
kallis3 wrote:

They do have a habit of closing accounts, even if they were not one of your creditors. They don't like IVA's, and I believe they check the Insolvency Register and will normally write to you to tell you they are closing the account. First Direct are the same.
Oh dear..[:(]

When I applied for the account, I told them that I was entering an IVA and they were OK about it and allowed me to apply for the account. They even accepted the standing order from the IP firm - Synergi Partners.

I hope everything will be OK. I'm getting a bit worried now.
Last edited by DebtProblem on Mon Mar 09, 2009 2:18 pm, edited 1 time in total.
Best Regards,

Trev

1st goal achieved: IVA accepted 10th March 2009

2nd goal: Debt free in year 2014!!
 
 

kallis3

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Post by kallis3 » Mon Mar 09, 2009 2:25 pm
I think there are one or two posters on here who have kept an account with them, but a lot have also had their accounts closed. At least they will give you some notice that they are doing it.

Fingers crossed that you slip through the net and are able to keep it open.
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
 
 

frankey

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Post by frankey » Mon Mar 09, 2009 3:04 pm
Will it be ok to open an account with the co-op if the majority of me debt is with Northern Rock? Are they related at all?
 
 

kallis3

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Post by kallis3 » Mon Mar 09, 2009 3:13 pm
Co-op and Northern Rock are not related, so you will be fine to open and account with them.
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
 
 

molly16

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Post by molly16 » Mon Mar 09, 2009 3:45 pm
hope it all gets sorted soon. i have an account with natwest , which i opened before iva , my husband with hsbc , we both have chq books , hubby got debit card, i just have the electron card. never had any problems with either banks and our iva , nat west pay our standing order to synergi ! however i did last week open cashminder account with coop, and we will be moving everything to them. !
 
 

bic

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Post by bic » Mon Mar 09, 2009 8:59 pm
well update on natwest, after spending all day on and off the phone, natwest have advised that the freeze on the account has been lifted and the account is ok to use. each deprtament said it was not their responsibility and that the or would have to call to lift the block. we kept advising we are not bankrupt so have no or one of mels staff phoned to try and sort it, she explaine dto them we were in an iva not bankrupt, but they wouldnt deal due to data protection. but i think it did help as within a couple of hours block was lifted. husband did actually speak to a very nice manager in the call centre who rang him 5 times today with an update. they have said that they will be sending letter confirming details of our account, sounds ominous. Natwest were not one of our creditors so i cant understand where they got our details from so quickly.

thanks all for listening
cath
56 payments down 4 to go
 
 

kallis3

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Post by kallis3 » Mon Mar 09, 2009 10:29 pm
Thank goodness for that bic!

So glad someone at Natwest saw sense and your account will now be ok to use.
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
 
 

David Mond

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Post by David Mond » Tue Mar 10, 2009 7:24 am
Again it seems to me that that the BBA should be addressing these problems of NATWEST and confusiojn as to an IVA and Bankruptcy and freezing accounts and HSBC aledgedly closing accounts of persons in IVAs. I will be forwarding these issues onwards.
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
 
 

Sarah

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Post by Sarah » Tue Mar 10, 2009 9:16 am
Hi

This seems really odd to me, i have got an account with them and never had any issues (i am in a IVA) apart from when they asked me if i wanted to upgrade. I said yes (knowing it probably wouldnt go throgh) and they said i couldnt upgrade as it showed I was bankrupt. The Guy on the phone didnt seem to ndertand what an IVA was. I then started to panic thinking they would close the account down as they thought i was bankrupt but all has been fine. Just seems so odd firstly that they even see an IVA as being bankrupt but also that they can treat 2 differnent people in the same situation in completely the opposite way.

xx
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