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Debtbuster

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Post by Debtbuster » Tue Apr 09, 2019 3:11 pm
Getting really worried as I see posts on here about bank accounts being frozen. I cannot risk that happening and having no access to funds with two children with special needs. We have already gone through a terrible time these last few weeks trying to scrabble around to find enough money to feed ourselves. I can’t risk someone going and freezing our account as our creditors meeting is on pay day on Monday and will need to pay bills and buy food. We went into an IVA 10 years ago and never had a problem with our nat west account and have just kept the same account for this one

Foggy

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Post by Foggy » Tue Apr 09, 2019 3:34 pm
It seems to be Lloyds who are doing this (incorrectly) at the moment and, I would have thought, if they were going to do it they would have done so by now. Maybe raid the ATM first thing Monday morning to get some cash in hand, just in case.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
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kallis3

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Post by kallis3 » Tue Apr 09, 2019 5:08 pm
Also think about opening up a Co-op Cashminder - they are usually quite good.
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

Debtbuster

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Joined: Mon Aug 13, 2018 1:29 pm

Post by Debtbuster » Tue Apr 09, 2019 5:51 pm
Its direct debits that need to come out. If I had known this was a risk I never would have started this process. My children’s DLA money goes in there too, well everything and direct debits are are all due out from pay day and onwards for 7 days

kallis3

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Post by kallis3 » Tue Apr 09, 2019 6:00 pm
DD's can come out of a Cashminder.
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

Debtbuster

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Joined: Mon Aug 13, 2018 1:29 pm

Post by Debtbuster » Tue Apr 09, 2019 6:17 pm
I don’t want to change my bank account. Natwest has no connection to any debts and we opened it when we did our last IVA as it was a good choice. Never had a problem with them, don’t owe them anything either. Surely it will be untouched?

luluj

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Post by luluj » Tue Apr 09, 2019 9:49 pm
Think positive .. if they were going to close your account they would need to give you sufficient notice of closure so you can make arrangements. HSBC gave us 14 day notice in our iva in 2007 and we had to act quickly at that time.
If it were me I would go online and apply for a cash builder as a back up and have it there just in case - hopefully you won't need it x
Sharing from experiences of dealing with debt

There is a solution for everyone .... Just need to stay positive !

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