What do banks do once they get an iva request

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Lahoretiger

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Post by Lahoretiger » Thu Jul 16, 2020 10:28 am
Just a qiuck 1 how do all the creditors now if the iva has been approved

kallis3

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Post by kallis3 » Thu Jul 16, 2020 11:13 am
Your company will tell them.
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

Lahoretiger

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Post by Lahoretiger » Fri Jul 17, 2020 3:27 pm
My new bank is halifax will they close my acc after iva
Dont own any money to them and no overdraft either

Foggy

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Post by Foggy » Fri Jul 17, 2020 4:18 pm
Fri Jul 17, 2020 3:27 pmLahoretiger wrote:
My new bank is halifax will they close my acc after iva
Dont own any money to them and no overdraft either
My account was with Halifax before my IVA. I changed to Co-Op. Halifax kept my account open and I still have it ( It has 18pence in it ). Recently they gave me a credit card and don't seem worried by the old IVA.
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

Lahoretiger

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Post by Lahoretiger » Fri Jul 17, 2020 4:59 pm
So i will be k

kallis3

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Post by kallis3 » Fri Jul 17, 2020 6:00 pm
You should be ok.
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

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sat Jul 18, 2020 11:55 am
Just 1 final q me and my wife have 1 joint metro bank acc 0 balance will the iva affect this
Any issues for mrs.

Foggy

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Post by Foggy » Sat Jul 18, 2020 12:45 pm
Assuming Metro are happy with IVA's it should be OK --- you will not be allowed any overdraft facilities though. Because you have a joint account your credit file will be linked to your wife's credit file, so her credit rating might be slightly affected by association.
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

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sat Jul 18, 2020 1:28 pm
She wont show up on any records

Lahoretiger

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Post by Lahoretiger » Sat Jul 18, 2020 1:31 pm
If metro are not happy with iva if they ask us to xlose acc will that be the end of that

Lahoretiger

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Post by Lahoretiger » Sat Jul 18, 2020 1:36 pm
Will my halifax current acc be ok my new acc

kallis3

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Post by kallis3 » Sat Jul 18, 2020 2:53 pm
Your halifax account will be fine. Your wife will show up as being financially associated with you.
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

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sat Jul 18, 2020 4:55 pm
On the insolvency register or credit check

Lahoretiger

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Joined: Tue Jun 16, 2020 11:08 am

Post by Lahoretiger » Sat Jul 18, 2020 4:58 pm
If they credit check my wife will it say she has iva

Lahoretiger

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Post by Lahoretiger » Sat Jul 18, 2020 5:02 pm
Any money in her own account on her name is that safe ?
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