Di I need to include an OD in my IVA?

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clare733
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by clare733 » Thu Aug 23, 2018 12:03 pm
So I'm currently going through IVA but they want to include my bank account due to an overdraft I'm always in and paying charges, they want me to open a new bank account is this the right thing to do
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kallis3
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by kallis3 » Thu Aug 23, 2018 12:14 pm
Hi,

Yes it is correct and you do need to open a new account. Co-op come recommended
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Foggy
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by Foggy » Thu Aug 23, 2018 12:43 pm
ALL unsecured debt must be included. It is usual to open a new, basic, bank account with a bank unconnected with any creditors. As Kallis says, a populat choive is the co-op cashminder account. Do avoid HSBC or First Direct --- they have a habit of closing accounts for those in an IVA and are not very tolerant.
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Lisa Thomas
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by Lisa Thomas » Thu Aug 23, 2018 2:12 pm
Yes.
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