www.iva.co.uk

Posted: **Thu Jul 05, 2007 11:39 pm**

I owe money to the Alliance and Leicester and the Abbey, and have just opened abank account with Alliance and Leicester can I use this account if I take out an IVA and Alliance and Leicester is one of my creditors.

Posted: **Thu Jul 05, 2007 11:42 pm**

Nothing to stop you , but they could take money out of your account without your permission.
Thats what the Halifax told me today !

Might be better getting an account with a bank that you have no debts with,

Mish

Posted: **Thu Jul 05, 2007 11:48 pm**

That is not a good ides. Open a bank account with a non-creditor bank as Mish has suggested.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk

Posted: **Fri Jul 06, 2007 11:39 am**

Thans what has happend to me , I'm with TSB and they have taken £120.00 to pay my Credit Card , I havent spoken to them about any difficulties with maoney at the moment , I didnt know this but I thought it was ileagal for them to take any money with out informing me ?

Posted: **Fri Jul 06, 2007 3:20 pm**

Hi
They can do this i,m afraid.
regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

Posted: **Fri Jul 06, 2007 5:21 pm**

As advised above the best thing to do is open a new basic account without any credit facilities.

You could try the following accounts as long as you dont have any debt with them:

- Lloyds Classic Account
- Natwest Step Account
- Barclays Card Cash Account
- Halifax Easy Account.

Best of Luck !

Best Regards. IVA Experts

Posted: **Fri Jul 06, 2007 10:54 pm**

Good evening,

They could take money out of your account without your permission if you have debts with the same bank.

Creditors have the right of set-off, which means they can take your wages to "set-off" against other monies owed to them. If you are not overdrawn and do not have loans or credit cards with your bank then you do not need to open a new bank account.

Please open a bank account with no overdraft facility. Creditors will generally insist that you do not incur future credit which includes allowing your bank account to be overdrawn.

Kind regards,

Julia Simavi

Shortlisted with special commendation for Debt Counsellor of the Year by Credit Today Awards 2007

View my profile:
http://www.supersonicsquirrel.net/julia ... rofile.asp

Visit my website:
http://www.supersonicsquirrel.net

Credit Today Awards 2007 http://www.credittoday.co.uk/awards/winners.htm