Barclays Current Account

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kirstiehutch

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Post by kirstiehutch » Tue Nov 06, 2018 1:08 pm
Hi new to this
Considering an IVA but what happens to your long running current account if you enter into an IVA? I am with Barclays

kallis3

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Post by kallis3 » Tue Nov 06, 2018 1:25 pm
Are they one of your creditors? If not you should be ok - we had a Barclays full account throughout our IVA's.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk

kirstiehutch

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Joined: Tue Nov 06, 2018 1:05 pm

Post by kirstiehutch » Tue Nov 06, 2018 1:33 pm
kallis3 wrote:
Are they one of your creditors? If not you should be ok - we had a Barclays full account throughout our IVA's.
I have an overdraft facility but I use a savings account with them and transfer in and don't go over my overdraft limit

Foggy

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Post by Foggy » Tue Nov 06, 2018 2:17 pm
The o/d facility will have to be withdrawn. If you are in overdraft this will be included in the IVA and the account might well be closed. It would be safer to open a basic account elsewhere in this event.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
http://foggy.blogs.iva.co.uk

Lisa Thomas

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Post by Lisa Thomas » Tue Nov 06, 2018 2:34 pm
I always recommend you open up a new basic bank account with a different bank before you propose an IVA just in case the account is frozen or closed during or after proceedings
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

Lisa Thomas

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Post by Lisa Thomas » Tue Nov 06, 2018 2:41 pm
Here is my video on the same subject:

https://youtu.be/nAXh_0vWt58
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk

kallis3

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Post by kallis3 » Tue Nov 06, 2018 2:58 pm
Co-op come recommended.
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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