Di I need to include an OD in my IVA?

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clare733

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Post 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

kallis3

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Post 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
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

Foggy

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Post 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.
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

Lisa Thomas

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Post by Lisa Thomas » Thu Aug 23, 2018 2:12 pm
Yes.
I'm a licensed IP with 16+ yrs at Neville & Co covering the South West area. I have a YouTube channel with advisory videos on here: https://www.youtube.com/channel/UCMPTTu ... Z5k9ZcC2MA http://www.nevilleco.co.uk 01752 786800 Lisa@nevilleco.co.uk
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