bank account closure

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bobby1969

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Post by bobby1969 » Thu Aug 12, 2010 7:51 pm
i have just been told i have to close my bank account even though the overdraft was included in the iva
i would of thought this would of been frozen by natwest as soon as i applied or would my ip deal with this for me
i am about to make my first payment and hope the road ahead is smoother than it has been
 
 

Julie

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Post by Julie » Thu Aug 12, 2010 7:58 pm
Hi Bobby,

You should have been advised to open a bank account with a bank that you have no debts with. The co-op are sympathetic to those in IVA's.
 
 

Shining

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Post by Shining » Thu Aug 12, 2010 9:36 pm
Hi and welcome to the forum, were you not advised to get a new bank account separate from any of your creditors prior to the start of your IVA, that is the usual advice of an IP.

The co-op as Julie says is sympathetic to IVA's and the Yorkshire Bank has good reveiws too. I would give them a ring and ask, I'm sure you'll find an account to have.

Here's hoping it's sorted soon and the remainding term of your IVA goes smoothly for you x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

bobby1969

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Post by bobby1969 » Fri Aug 13, 2010 1:40 pm
the problem is not a new bank account just my old one is still live and gaining charges
they even asked would i like more money
thanks for the welcome
 
 

dw1983

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Post by dw1983 » Fri Aug 13, 2010 2:06 pm
Hi there don't worry about the charges they will be included in the iva as others have said you should have been advised to open a new bank account not connected to any creditors
Iva completed
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