I wouldn't have thought so, payments are by standing order or direct debits, I think some companies dependant on whom you're with like copies of bank statements, but they don't control your money..it's up to you to do that.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
Hi
A direct debit does give the receiving company an ability to take unsecified amounts, however you are protected by the direct debit guarantee and this will refund any payments taken that you have not been notified of in advance.
A standing order is better as you are in complete control of this
Regards
Regards, David Mond, Insolvency Practitioner for over 46 years. Personal Insolvency Practitioner of the year 2012, Personal Insolvency Practitioner of the year finalist 2013 & 2014 awarded by Insolvency & Rescue Magazine and 2015 finalist for Personal Insolvency Firm of the Year.
I much prefer the fact that our payments are by standing order as well.
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