is it ok to have a normal current account

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chris.07

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Post by chris.07 » Mon Jan 28, 2008 10:25 am
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i am in the process of setting up an iva, i have left my current bank account and opened a new account with halifax and have been given a normal current account. i have no cheque book or overdrapht i must point out.is it ok to have a normal current account whilst being in an iva agreement?
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cr15py

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Post by cr15py » Mon Jan 28, 2008 10:44 am
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Yes, that would be absolutely fine, providing Halifax aren't one of your creditors.
Chris
Visit my blog at http://cr15py.blogs.iva.co.uk
16 down, 44 to go!!
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hallway

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Post by hallway » Mon Jan 28, 2008 6:46 pm
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I open the same account pre Iva with the Halifax and so far a year on theyve been fine about it so dont worry .
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Adam Davies

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Post by Adam Davies » Mon Jan 28, 2008 8:07 pm
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Hi
You can have any account you want as long as you do not take any credit.
Regards
Andam Davies
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Lisa2009

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Post by Lisa2009 » Mon Jan 28, 2008 11:41 pm
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Hubby was in his IVA for 3 years and banked with Halifax.......no problems at all unless you count the one time they cancelled his standing order and blamed him [:D][:D][:D]
http://mrsskint.blogs.iva.co.uk/ 'Our Story'


Nil carborundum illegitimi
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emma_t

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Post by emma_t » Tue Jan 29, 2008 1:18 am
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Hi Chris

i have a standard current account with the co-op which I opened pre my iva when my credit rating was ok.
It's fine as long as you don't use any overdraft facility they may offer, the co-op offered me one but I told them I don't want one and they cancelled it for me.
I think its a good idea to open a new account before an iva is proposed as you can still benefit from a visa debit/maestro card and cheque book. I need a cheque book to pay over any excess every month to IP but don't use it apart from that as cheques seem not to be accepted anywhere anymore.
Good luck
Emma
Be positive & look after yourself, there are more important things in life than debts....

Best Wishes

Emma x
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