www.iva.co.uk

I entered a full and final IVA towards the end of 2007 and was discharged early 2008.

I have become chairperson of my local parish council recently and, as in times past, should become a signatory on the parish council bank account. I duly filled in the forms and had them signed by the other signatories. I have received a reply today stating that Lloyds are unable to agree to the request for me to be a signatory due to adverse information found via the services of a credit reference agency.

The bank account requires two signatories and does not have an overdraft facility. I am already a signatory for a Lloyds bank account for a charity I work for(which was put in place at the start of this year, after my IVA), so I am somewhat puzzled by the response I have received.

Any thoughts on this, why it might have happened and what, if anything I can do about it? I am also in a quandary about what to tell the Parish Council, as my financial problems are past and the IVA is really none of their business - but in a small community these things get around.

Any thoughts gratefully received.

Hi,

Unfortunately even though you have completed your IVA via a F & F, the default information remains on your file for a total of 6 years from the start regardless. It may be worth speaking to Lloyds about it and explaining the situation but I do not think it will make much difference.

I agree with Ray. You should ring Lloyds as it does seem very harsh and maybe you could send them a copy of your completion certificate to show that your IVA is discharge and you have no restraints.

It may be pointless but there is nothing to lose by trying.

Hi
It will be worth a letter as banks do lump IVAs and bankruptcy in the same pot. Even though your IVA is completed it will still be on your credit file. Ask Lloyds to check the insolvency register as you will no longer be on it.
Regards

It really annoys me when people aren't allowed to make a fresh start - it's not as though you are trying to borrow money!

Good luck with Lloyds, and let us know how you get on x

I would definitely write as Andy suggested and let us know the outcome if you decide to go down that route, it is annoying as Skippy says and there is no credit attached to the account so rather harsh for not allowing it.

I hope you get it sorted - it's wrong that you are discriminated against in this way.

Thanks for your help and advice. I sent them a copy of the completion certificate for my IVA. They have now allowed me to be a signatory.

Good news pdd. Glad you got it sorted.