cancelling direct debits before contacting creditors?

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Post by martin.8 » Thu Aug 19, 2010 5:07 pm
should i cancell my direct debits before i send the letters to my creditors


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Post by TheMatrix » Thu Aug 19, 2010 5:13 pm
Yes, I was told to cancel all mine as soon as I spoke to my adviser, and open a fresh basic bank account with someone who is not a creditor.

Avoid HSBC even if they are not one of your creditors as they close accounts of people in a IVA
We're willing to wipe the slate clean, give you a fresh start. All that we're asking in return is your cooperation.


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Post by Shining » Thu Aug 19, 2010 5:45 pm
Hi martin and welcome to the forum. I would cancel your direct debits and send out your letters at pretty much the same time, as inaiva suggest a new bank account is also a priority if you bank with anyone you have credit with, if not it's fine.

If you credit rating isn't too bad at the minute a good time to apply for an account as you may get a full one if not try the Co-op they're very iva friendly.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
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