pog1234 - I opened a Cashminder (current account) and Smart Saver (savings account) with the Co-op before I entered into an IVA and both have been operating since without a hitch (six months).
I'm really pleased with the Co-op. Ironically I wish I'd been with them when I was a credit user rather than Lloyds TSB but of course if that were the case I'd have a debt with them and wouldn't be able to open the Cashminder account!
Debt problems, what debt problems? I'm not in De Thames, I'm in De Nile.
Having looked at NS&I, if you are post IVA and want savings, I'd give them a go.
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
Yes you can pay in cheques and also have a regular DD going into it if you want. The only downside was that you need to keep £100 in the account but that could also be an upside too. The best bit for me is you can pay in at any Post Office, cash, cheque or transfer by debit card from your bank account.
7 year IVA completed in December 2016 - there is light at the end of that tunnel
That's ok then! I was just telling my husband tonight that we may have problems with the Smart Saver account, but now I feel a bit more confident transferring money over to it x
You couldn't be more right Cath - I just kept thinking no problem, I'll sort it out - it never happens..then all of a sudden in August it hit me like a brick - no credit available anywhere to pay anything - I've never felt so low - thanks to VB, this forum and Melanie, there's hope!! xx
You should be able to open the savings account if your IVA is still pending.
Give it a try.
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
I'd open it - as far as I know the Co-op aren't in the habit of closing the accounts of anyone in an IVA. They are about the best bank out there as far as I'm concerned!
Go to Yorkshire Bank I have to say there basic account is absolutley brilliant.
No charge allow full internet access.
No problem getting it you have to go for an interview but after that they are superb
They have just contacted me a savings scheme.
Also there debit card is a Maestro
Cannot sing there paises high enough
We have had good reports about them before as well. They are also recommended by posters on here.
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
I agree too re credit. It hit me 2 weeks ago. I've now cancelled my direct debits. Yesterday I received my new bank details of my cashminder account. I've had a national savings account for years so don't need to find a new one (nothing in it now except the minimum £100)I've already been in contact with Melanie Giles and sent her details of what I owe. I'm just waiting to hear if she is willing to represent me.
Good luck gwdihw, I'm at a similar stage to you....I knew exactly in advance the date that it was all going to go wrong, the day the money would run out. Thank godness for all the help on this forum.
7 year IVA completed in December 2016 - there is light at the end of that tunnel
I an sure you will be fine with Melanie. She will sort you out.
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
