Bounce back loan

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john117

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Joined: Fri May 15, 2020 5:18 pm

Post by john117 » Fri May 15, 2020 5:18 pm
trying to get a Bounce back loan but one year still on my IVA - why bank can I get a business account open with to get the bonce back loan

Foggy

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Post by Foggy » Fri May 15, 2020 5:30 pm
Basically, while in an IVA, your credit rating is shot and the banks are not obliged to open a business account for you. The best thing would be to try to speak to a business manager direct (phone or electronically) to see if he or she would intervene in the, usually computerised, application process.

A bounce back loan could also breach the terms of your IVA, unless you IP has agreed to you getting one, so you will need to chat with them also.
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
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