We have just recently completed the IVA. If we apply for a savings account is it likely to be refused because the IVA will still be on record for another year or does this vary from bank to bank maybe? Any advice aappreciated
Oscar
need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
Not sure about this as some banks will allow you to do that but others won't.
Might be advisable to wait until the six years are up?
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
Try whoever you currently bank with for a savings account. Maybe ask in branch and be honest about iva being on file!! Any bank turning you away must be daft!! I mean who has spare cash laying around, yup the folks that just finished an iva!!!
Paul
Discharged today the 8th feb 2012. View is much brighter now.
Continuing to rebuild our credit worthiness.
need to smile today? go on check out my blogs - I'll add to them regularly
Our IVA's over YIPPEE unbelievable!Seems like yesterday it was approved despite everything
The Co-op won't do it if you are in or have an IVA on file.
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
It is terrible to say but life after an IVA is still difficult - we have been turned down for four different savings accounts - both with current banks, building societies and ISA accounts ! Madness seeing as I have a 4 figure inheritance figure in my bank account waiting to be put away !!
I am going to buy Premium Bonds instead if I can't get it resolved before the end of the month !
Sharing from experiences of dealing with debt
There is a solution for everyone .... Just need to stay positive !
Hi the coop opened a savings account for me although the iva was on my file it showed as completed they stated that was fine. Also got an online saver with halifax.
lol many moons ago i worked abroard and ended up coming back to england with around 5 thousand pounds in my bank account. i was currently with yorkshire bank and at that time they didnt have a visa/cirrus/maestro card which worked abroard, needless to say i went to the HSBC(used to be midland) bank to open a deposit/standard account with the transfered balence of 5+k....
they turned me down due to a bad credit score on a credit check.. even though my bank balance was over five thousand pounds -.-
i was rather miffed and vowed never to do any buisness with said bank again lol. back then i had only ever had 1 loan which was paid in full and never missed a payment(some 17+years ago now)
