current accounts

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sick of it all

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Post by sick of it all » Sat Aug 14, 2010 10:16 pm
Hi guys, will any banks out there give you back a current account after youve completed an IVA and when your credit file becomes clear? xx
P Williams
 
 

kallis3

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Post by kallis3 » Sat Aug 14, 2010 10:21 pm
I think most banks will be favourable to you. You should possibly be able to upgrade the account you have.
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Julie

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Post by Julie » Sat Aug 14, 2010 10:25 pm
What would a "current" account offer compared with accounts you have in an IVA?

Possibly an overdraft?
 
 

kallis3

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Post by kallis3 » Sat Aug 14, 2010 10:26 pm
A debit card and a cheque book?

I have neither.
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.
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Julie

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Post by Julie » Sat Aug 14, 2010 10:32 pm
Do you not have a debit card Jan?

Hubby is now with the co-op since BR and he has a debit card.
 
 

kallis3

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Post by kallis3 » Sat Aug 14, 2010 10:35 pm
No, no debit card. I should be being upgraded soon as Nationwide are sending out new cards, but it still won't be a full debit card.
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
 
 

Julie

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Post by Julie » Sat Aug 14, 2010 10:39 pm
Thats surprised me Jan and so unfair.
 
 

Shining

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Post by Shining » Sun Aug 15, 2010 1:35 am
If at the onset of the IVA you're able to get a new full account with the credit of an overdraft it is always advisable.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sun Aug 15, 2010 8:13 am
For some reason Nationwide wouldn't give us a full account before the IVA, even though our credit was good.

Barclays did, but then became a creditor!

I don't mind that much. At least I'm used to dealing in cash now.
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
 
 

Shining

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Post by Shining » Sun Aug 15, 2010 5:28 pm
I still take my shopping/diesel money out each Friday and use cash as it suits me, I prefer it as if I run out of money then so be it, if I don't it goes in the tin for saving. x
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
 
 

kallis3

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Post by kallis3 » Sun Aug 15, 2010 5:45 pm
Same here, we take cash shopping with us and have to make sure we are within budget when in the supermarket.

It's worked so far.
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
 
 

luluj

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Post by luluj » Mon Aug 16, 2010 6:04 am
totally agree - weekly cash out of the bank for shopping / fuel etc and then when it has gone it has gone. I also send via standing order our car maintenance / tax and insurance money into another account and the dd's are taken from that account. Likewise our contigency, clothing and personal hygiene I&E amounts are added to a savings account each month and we then use that when we need to - otherwise it builds up for xmas and birthday's ! That way the money left in our current account is there for utility bills and our food/fuel....works for us !
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