My debts are in the region of 24,000 - I am in rented accommodation I am in receipt of working tax credits one of my creditors is my bank! I am worried that they will take my maintenance every month regardless of whether i enter into an IVA if they do this I will then become homeless
I have been advised to open another account but is this legal
Christine - yes - you can open as many as you want - however Co-op/Barclays/Natwest + others are recommneded - the sooner you do this the more choice you may have (however no OD) if you planning to enter a debt management plan - dont use HSBC -there not friendly as far as IVAs etc
Oh welcome to the forum
Last edited by ginger3232 on Mon Oct 03, 2011 4:33 pm, edited 1 time in total.
try Nationwide; this is who i moved to when I new I had to eneter into my IVA. ive never had a problem with them and they even offer a basic debit card ( no overdraft etc )
hope this helps
Last payment made April 2012
Certificate received 1st Nov 2012
Nationwide are fine as long as you open the account pre iva. I think they have tightened up otherwise.
Co-op is probably the best one if they're not a creditor and you should open the account as soon as possible.
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
It's what your IP will recommend and remember to change all your standing orders/ direct debits that come out of the account and also inform tax credits etc., of the new account number for any monies to be paid into. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
