Hi I am just about to sign an IVA

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alli40

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Post by alli40 » Thu Jul 23, 2009 12:00 pm
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Hi I am just about to sign an IVA and was advised to move away from my bank HBOS and set up a new account which I have done with Lloyds TSB now I have found out they are part of HBOS could this mean they could freeze my bank account
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size5

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Post by size5 » Thu Jul 23, 2009 12:11 pm
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Hello and welcome.

They are not linked in that way as yet so you should be ok, once your IVA is approved then even if they do link in that way later on you should still be safe then as well.

Regards.
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Declan at DebtFreeDirect

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Post by Declan at DebtFreeDirect » Thu Jul 23, 2009 12:15 pm
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Hi Alli
No - whilst they are part of the one banking group, they are still viewed as too individual banks - its abit like Natwest and RBS. So, in essence your account with Lloyds is safe.

Thanks
Declan Murray
Debt Advisor
Debt Free Direct - the UK's largest IVA provider.
http://www.debtfreedirect.co.uk/iva/
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Jinx

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Post by Jinx » Thu Jul 23, 2009 1:10 pm
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declan beat me too it!
its a marathon not a sprint!

I'm out of my mind but please leave a message!
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kallis3

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Post by kallis3 » Thu Jul 23, 2009 1:20 pm
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We were advised not to open an account with NatWest as I had debts with RBS.
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
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Skippy

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Post by Skippy » Thu Jul 23, 2009 10:29 pm
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I thought Natwest were owned by RBS rather than linked in the same way as Lloyds and HBOS?
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MelanieGiles

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Post by MelanieGiles » Fri Jul 24, 2009 12:00 am
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It is always better to steer to a bank without any direct links if you can - you never know what might happen in the future with their internal policies.
Regards, Melanie Giles, Insolvency Practitioner
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