hi we are very early into setting up an iva and we have taken out basic bank accounts with lloyds as there aren't any coop branches near us and i need to be able to pay money in to do with my business. I am now worried as i didn't realise they were linked with halifax and we both have credit card debts with them. Could this be an issue?
Many thanks Im sure i shall be posting loads more question in the coming weeks
It could be -- I don't know how much they share info within the group. Having said that, one of my creditors was Halifax (credit card) yet my (now unused) account with them is still open and they have said nothing about closing it.
Do you have a handy post office? Co-op deposits can be made there.
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014
Agree with Foggy - you can use the Post Office to pay into the Co-op.
You could also try Yorkshire Bank for an account, they are usually IVA friendly.
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
Nat West are also known to be iva-friendly. If your credit file isn't too bad, you could go anywhere and get a full current account; just avoid your creditors!
I believe that the Natwest basic account is changing and that you will only be able to withdraw money from their cash machines. Seem to remember reading this on here recently.
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
With a basic Co-op account - you have to open it in branch or on the phone, not online. Other than that is a normal basic account.
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
