is my bank account OK with banks merging?

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vikhibby

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Post by vikhibby » Wed Sep 17, 2008 8:10 pm
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I have currently got a Halifax Easycash account, but am wondering how I will stand with the news of Lloyds TSB and HBOS possibly merging. Would Lloyds be duty bound to take my account, or might I have to find another bank to put my account with?

I did not owe any money to Lloyds when I entered into my IVA agreement... which was 3.5 years ago so I can almost see the light at the end of the tunnel :-))
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luluj

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Post by luluj » Wed Sep 17, 2008 8:43 pm
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There is a similar question on - answers so far say all should be ok. We are with Halifax, however unlike you, LloydsTSB were one of our creditors - however apparently they cannot offset money from one account to another so we should be ok!
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angela18

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Post by angela18 » Wed Sep 17, 2008 8:54 pm
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we also had lloyds as creditor, i just hope not like hsbc
Ang.. 13 payments in.. WOW, thats over 20% paid!! http://angela18.blogs.iva.co.uk/ well here we go

if you wish for a rainbow... then you have to put up with the rain xx
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MelanieGiles

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Post by MelanieGiles » Wed Sep 17, 2008 8:56 pm
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Your accounts will be safe if the banks merge.
Regards, Melanie Giles, Insolvency Practitioner
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olympic_torch

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Post by olympic_torch » Wed Sep 17, 2008 9:23 pm
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I was wondering the same thing.
The greatest portion of our pre IVA debt was to Lloyds TSB, in some form or other, credit cards, overdraft etc.
I was about as welcome at my local branch as Gary Glitter in a creche.
Couldn't help wondering if Lloyds TSB would take a dim view of us who now have Halifax accounts and close us down faster than Salman Rushdie's heartbeat when the doorbell rings.
Aucto Splendore Resurgo.
IVA accepted May 2007.
Extended by 12 months in lieu of equity March 2012.
F+F offer accepted May 2012.
C of C received August 2012.
IVA dropped off credit file 24th May 2013.
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Soulgrowth

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Post by Soulgrowth » Wed Sep 17, 2008 9:26 pm
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It certainly seems to be that with all these merging banks that are options are starting to slim down!

Looking on the bright side though at least it looks as though we owe money to less people now!

Debbie
Debbie
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janderson

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Post by janderson » Thu Sep 18, 2008 2:40 pm
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Hi

The main probelms are lack of choice and competition will result in a monoply in the market place. Also if the creidtors become one more people may be forced into BR if the creditors will not be flexible enough.We are finding LTSB to be a real pain in our DMP at the moment, if other creditors become part of the same group will they all adopt a tougher stand. I would hope, or not taht some debts could be written off as part of a re structure but am not too hopeful.


Sorry to ramble, but I am not a fan of LTSB or HBOS anyway.

John
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Soulgrowth

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Post by Soulgrowth » Thu Sep 18, 2008 9:23 pm
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LTSB were my biggest creditor and they didn't vote at either my IVA or F&F

Debbie
Debbie
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