Would I have to change my current account?

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elizabeth828
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by elizabeth828 » Sun Feb 04, 2018 7:03 pm
Would I have to change my current account if I have a IVA for a credit card with the same company .
My current account has on overdraft which I use but I could change to a basic one .
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Foggy
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by Foggy » Sun Feb 04, 2018 7:34 pm
The overdraft would be included in the IVA so your current bank would be a creditor, so you would be advised to change banks anyway.
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kallis3
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by kallis3 » Sun Feb 04, 2018 8:32 pm
Agree with Foggy - Co-op come recommended.
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Keith White
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by Keith White » Mon Feb 05, 2018 7:46 am
Hi - if you could clear the OD there would still be a problem if you have a CC with that bank. Very probably you would need to switch banks. Possible exception is Barclays/Barclaycard. who may allow you to keep a non OD account whilst a B'card is in the IVA.
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