www.iva.co.uk

where or with what bank can I get a joint bank account, finished my IVA in May 2012 but due to PPI claims by the IVA company the certificate is pending but it is stopping us from opening a joint account. Can you please advise.

Hi Manmountain and firstly well done on completing your IVA, the co-op is IVA friendly so they might be able to help although i know they have recently announced clauses with people who are insolvant but you aren't so i would give them a bell, could you not ask your IP for a letter of compliance and hopefully that would suffice for the interim?

Good luck and i hope that you soon get sorted. xx

Hi

The Co-op Cashminder will accept you and offer online banking etc

Regards

Bear in mind that your poor credit rating will drag down the credit rating of whoever you open the account with. It may be worthwhile keeping separate accounts until the IVA is fully removed from your credit record. I dont want to sound mean - its just that my boyfriend and I had to have the same discussion recently. He wanted a joint account but I had to say no - no point both of us having a worthless credit rating. At least at the moment one of us can get a mortgage!!

Yes highly advisable not to link financially whilst one of your credit files is showing negative data.

Just wait it out until such time both credit files are good.

The Secure Trust account is also a good one, and whilst costing £12.50 per month to operate, this could be a quick fix for you until you can get your IVA concluded - if you are unable to source free banking anywhere.