I have been told that I need to close my current bank account (who I have a substantial loan with) and switch to another
In order to close my Nat West bank account I need to go in to the bank - Obviously they will see that I owe them the loan still plus my overdraft - How will that work in this situation?
In correlation with that I am thinking of going to HSBC but another person on here said don't go with them in this situation - anybody advise on that? If I don't go with them I'm going with Santander
Also, among the good reviews of Credit Fix I'm now reading some bad ones - Has anybody had dealings with them? How did you find them?
Step Change is being recommended - anybody know much about them?
Don't close your present account --- open another elsewhere and manually transfer DDs etc ... let the Nat West account lay dormant.
HSBC will close and freeze your account when they get wind of an IVA, as will First Direct. The Co-Op Cashminder account is a popular one.
CF is good, as long as you don't need them -- they suck at communication and you will need to keep a close eye on them -- I think of them as the Easyjet of the industry.
Stepchange can run a good and fair IVA as long as they keep you in house --- they do tend to farm out aitions to other firms, which you might not have chosen yourself.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
