So I'm in a single iva with a joint bank account

Get expert opinion. This is the place for new questions to be posted.
4 posts Page 1 of 1


Posts: 11
Joined: Mon Oct 15, 2018 1:04 pm

Post by paddington1 » Tue Nov 06, 2018 9:45 pm
So im in a single iva. I share a bank account joint account with my husband who isnt in an iva
So we both pay in money every month into this account to pay bills. My husband pays £250 to a credit card in his name from this account. No particular reason my husband set up a payee and at the time wasnt to his account but the joint. Obviously never been an issue but being in an iva now and due an annual review soon is it worth him making payment from now on from his own account rather than the joint?


User avatar
Forum Expert
Posts: 28726
Joined: Fri Dec 17, 2010 11:14 am
Location: United Kingdom

Post by Foggy » Wed Nov 07, 2018 8:02 am
Having a joint account can be awkward, as you are discovering, as you will be needing to explain everything all the time -- also his credit score will be affected by your IVA as you are financially linked.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014

Lisa Thomas

User avatar
Industry Expert
Posts: 7392
Joined: Wed Dec 03, 2014 10:26 am

Post by Lisa Thomas » Wed Nov 07, 2018 10:49 am
Better for him to pay his debts form his own bank account to keep things simpler.
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: ... Z5k9ZcC2MA 01752 786800


User avatar
Forum Expert
Posts: 74423
Joined: Mon Mar 17, 2008 4:02 pm
Location: United Kingdom

Post by kallis3 » Wed Nov 07, 2018 11:14 am
He will still be financially linked and so his credit rating will be compromised because of this.
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.
4 posts Page 1 of 1
Return to “Ask IVA Forum and Industry experts”