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Can I still save in a credit union ?

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carole525
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Joined: Thu Apr 20, 2017 1:33 am
by carole525 » Thu Apr 20, 2017 1:33 am
Can I still save in a credit union if i am on an iva
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Foggy
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by Foggy » Thu Apr 20, 2017 6:51 am
Yes, as long as the savings are modest and are from allowances or shares of extra pay. It will, of course, be up to the credit union whether to admit you, but should be OK.
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Michael Peoples
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by Michael Peoples » Thu Apr 20, 2017 10:02 am
In addition this may give you access to small short term loans if needed as most IVAs allow up to £500 credit without seeking consent from the supervisor.
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