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Posted: Tue Mar 20, 2007 10:25 pm
by maizie
I am in the process of an IVA. I opened a new bank account with Lloyds TSB.. just a normal current account with cheque book and no overdraft. They have sent me a visa debt card.. this is OK isn't it?
Life is far too stressful!!
Posted: Tue Mar 20, 2007 10:27 pm
by MelanieGiles
So long as it does not allow you to incur any credit, this should be fine.
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: Wed Mar 21, 2007 12:46 am
by Aaron
I setup an account with HSBC before my IVA was approved and got a current account and debit card. I'm now 10 months in to my IVA and the other day HSBC offered me a overdraft and told me that I could have up to £1350...ohhh, sounds nice but I don't think so!!!!
Posted: Wed Mar 21, 2007 10:50 am
by Oliver
Yes a debit card is fine as long as it does not offer you a credit facility.
Best Regards
Oliver
Thomas Charles and Co Ltd.
Experts in personal debt solutions.
Read customer feedback at:
www.thomascharles.com/about_us.asp