Barclays current account?

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Roobo75

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Post by Roobo75 » Wed Nov 15, 2017 8:39 pm
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Hi! I am going to be starting an Iva in the next month or so hopefully! I have been told to open a new account! I did with Barclays! But I’m worried because I think they have gave me a current account! Not basic one! As my credit rating is still ok before Iva! Is this allowed and obviously I won’t be having an overdraft with them! I just wondered where I stand

Thanx Rob
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Foggy

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Post by Foggy » Wed Nov 15, 2017 9:04 pm
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Yes, you are allowed a "normal" account (with no o/d facility) as far as the IVA company is concerned, as long as the bank is happy.
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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MerlinL14

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Post by MerlinL14 » Wed Nov 15, 2017 9:13 pm
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Barclays are pretty IVA friendly. I opened an account with them 3/4 through my IVA, didn't let me have a full current account but no problems with a basic account. Soon as my IVA was finished they automatically upgraded my account. Once all my defaults dropped off they also offered me a Visa credit card with a low interest rate, not managed to have a balance on it long enough to pay interest though. I was also offer an overdraft, which I declined. But the offer still pops up on my online banking every few months. I would recommend them.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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kallis3

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Post by kallis3 » Wed Nov 15, 2017 10:19 pm
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We had (and still do) have a full account with Barclays and had no problem.
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
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MerlinL14

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Post by MerlinL14 » Fri Nov 17, 2017 1:42 pm
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kallis3 wrote:
We had (and still do) have a full account with Barclays and had no problem.
I think, but only from reading other posts and not gospel, that if you have a full current account with Barclays and then enter an IVA they just leave it as is unless they are a creditor, they then drop you to a basic account but do not insist you close it.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues
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kallis3

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Post by kallis3 » Fri Nov 17, 2017 2:47 pm
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Barclays weren't a creditor but Barclaycard were for me. I've never had a problem with the bank at all.
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
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