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Posted: Mon Nov 23, 2009 7:15 pm
by joeblack
Hi
I currently have a bank account with Alliance & Leicester and also an Alliance&Leicester credit card which is supplied by MBNA, does this mean that my debt is with MBNA and not Alliance&Leicester thus allowing me to keep the bank account if my IVA is succesful?
Cheers
JB
Posted: Mon Nov 23, 2009 7:25 pm
by Cath
Good question but I don't know the answer hopefully an expert will be along to advise.
A&L are part of Santander Consumer Finance of which Abbey are also an arm of, so check out if you have any debts with these too!
Posted: Mon Nov 23, 2009 7:35 pm
by kallis3
I'm not 100% sure but I would think that your creditor will be Alliance and Leicester.
As I say though, I could be wrong - hopefully one of the experts will be along to confirm or otherwise.
Posted: Mon Nov 23, 2009 7:39 pm
by joeblack
I have debts with Abbey, but we recently got new cards and letter stating that MBNA now supply the A&L card even though A&L are part of the Santander group, I do not owe any money to my A&L bank account so was hoping I might be able to keep it if the credit card debt is to MBNA.
Posted: Mon Nov 23, 2009 7:42 pm
by kallis3
As I said, I don't really know. It could just be that MBNA supply the card but A&L administer it.
Someone will be able to give you a definitive answer soon.
Posted: Mon Nov 23, 2009 10:49 pm
by MelanieGiles
The Alliance and Leicester card supplied by MBNA will be a debt with MBNA.
Posted: Tue Nov 24, 2009 11:04 am
by joeblack
Hi Melanie
Thanks for the answer, I was hoping that was the case. So should I be able to keep the A&L bank account as I don't owe any money to the bank?
JB
MelanieGiles wrote:
The Alliance and Leicester card supplied by MBNA will be a debt with MBNA.
Posted: Tue Nov 24, 2009 11:54 am
by MelanieGiles
It would appear so, but to be on the absolute safe side a current account with a completely unrelated bank might be a sensible step if you can.