Plum savings app

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Pigger479
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by Pigger479 » Tue Jul 25, 2017 11:32 am
Just a general wondering if anyone has used plum the savings app when in an IVA ? Looks like a good tool !
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kallis3
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by kallis3 » Tue Jul 25, 2017 11:37 am
Never heard of it.
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Foggy
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by Foggy » Tue Jul 25, 2017 11:38 am
Tell us more :-)
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kallis3
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by kallis3 » Tue Jul 25, 2017 11:43 am
I've looked at the website and personally, I'm not impressed. I can do my own savings and looking after my finances and I would not be happy doing anything financial via Facebook!
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Ryan
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by Ryan » Tue Jul 25, 2017 11:44 am
Hmmm, I've taken a quick look, think you'd probably be better to utilise your ISA allowances first if I'm honest but that's just my personal opinion not giving advice.
Pigger479
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by Pigger479 » Tue Jul 25, 2017 4:10 pm
Ryan wrote:
Hmmm, I've taken a quick look, think you'd probably be better to utilise your ISA allowances first if I'm honest but that's just my personal opinion not giving advice.

Im allowed an ISA in an iva?
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kallis3
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by kallis3 » Tue Jul 25, 2017 5:50 pm
If your bank will give you one - why not?
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luluj
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by luluj » Tue Jul 25, 2017 8:27 pm
You might find it hard to open an ISA while in an iva but not impossible. Try with your existing bank as they will see how you manage your main account and more likely to bypass or overturn any credit decisions for opening new accounts
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Foggy
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by Foggy » Wed Jul 26, 2017 8:54 am
Make certain, as you are going along, that you document the source of deposits in a savings account ... be they from being frugal with agreed allowances, your share of overtime / bonus payments, or small gifts from family, in case you are asked in the future. Also be wary ..... the odd tenner here and there saved by buying Lidl baked beans is ok but £50 a month saved by cancelling Sky is likely to be drawn into the IVA at review.
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Ryan
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by Ryan » Thu Jul 27, 2017 9:46 am
I agree with Luluj re approaching your existing bank that way, hopefully, you would think it should be a smooth process.
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