What is the best route to a business account?

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alan.c

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Post by alan.c » Wed Oct 03, 2007 11:39 am
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I am over a year into my IVA and am "going it alone" as a self employed electrician. What is the best route to a business account?
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Adam Davies

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Post by Adam Davies » Wed Oct 03, 2007 4:00 pm
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Hi
It is almost impossible to obtain a business account whilst in an IVA.
There is a company that helped one forum member successfully obtain one at www.secretariatservices.net but I believe that you need 5k to open it BUT you can draw this out straight after it,s opened.
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
Andam Davies
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ray_a

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Post by ray_a » Wed Oct 03, 2007 4:09 pm
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I agree with Andy and you have to apply to a specialised company.

However, if you are self employed then the way around this is to go for a basic bank account and put your income in that way. Obviously if you get an account, you will most probably have access to the internet. Try and also get a Visa Electron account as well. You can do this with the Co Op and Halifax BOS.

I would also suggest getting a cash plus Mastercard which is a front loaded card and this facility would you allow you to make certain payments by Mastercard.

I appreciate this could cause problems within your trade and I would suggest you get funds up front so that you can buy the basic materials!

Good Luck and it will be interested to hear how you are getting on!
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