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Posted: Mon Jan 08, 2007 8:09 pm
by hunter
Hello there, I am interested in an IVA but I am not a home owner.
Also my bank is one of my large debts, so how do I stop them from
seizing my bank account and account paid into each and every month???
THANK YOU
Posted: Mon Jan 08, 2007 8:13 pm
by neverending
Hi
You need to open a basic bank account with another bank[not one of your creditors]before you [and if]you start your IVA.Obviously once your new account is open then divert your wages into this account.Make sure that you do not take any credit facilities with the new account otherwise it will form part of your IVA.
Regards
Posted: Mon Jan 08, 2007 8:14 pm
by Dominic
Hunter it is very easy to open a basic account with the Abbey you just need ID like a driving licence and a passport.
Posted: Mon Jan 08, 2007 11:49 pm
by iva_squirrel
Hello,
This is a good web site, comparing different basic accounts.
http://www.moneyfacts.co.uk/banking/bes ... ounts.aspx
Kind regards,
Julia
For more information about IVAs, please visit my website:
www.supersonicsquirrel.net
Posted: Tue Jan 09, 2007 12:54 pm
by Oliver
These are all accounts which people in IVAs can open.
Abbey : Basic Account
Natwest : Step Account
Barclays : Cashcard Account
Nationwide : Flex Cash Account
Best Regards
Oliver
Thomas Charles Ltd: Experts in all things IVA
www.thomascharles.com
Posted: Sat Jan 13, 2007 11:17 pm
by razamataz_
Another good Basic cashcard account is with the Clydesdale that is a Scottish bank and it has dual function and online facilities.
Posted: Sat Jan 13, 2007 11:47 pm
by DebtDummy
Check out the Gregory Pennington Banking Services website too!
Good luck!
All I have left is my humour.