www.iva.co.uk

Can anybody tell me why Lloyds Bank turned me down for a Cash Account which is a very basic bank account.
I am in an IVA which I have always paid on time never missing a payment. Our joint Nationwide account never goes overdrawn . My rent and all utility bills are up to date and my car loan with Accept car credit is always paid on time. In fact I would say for the wider IVA community that we are better payers of our bills then your joe average who is still riddled with expensive credit card debts and other bills.
We are penalised beyond anything and I think it is about time that these banks look beyond the IVA word and look at the person and the way their finances are now managed.
Is this the case with Lloyds for everybody or do they just dont want me . I have no debts in the plan with lloyds..
Sorry about the moan

Hi and welcome to the forum.

Some banks will turn you down if in an IVA, even if it's a basic account. HSBC and First Direct are the same and will even close accounts if you are in an IVA even if they're not a creditor.

Just wondering why you want to open an account with Lloyds if your Nationwide one is ok?

Co-op and Barclays are usually pretty good.

It may be that you already have a current account. Also from a making money point its not worth lloyds tsb taking you on.

Harsh but I wouldnt worry about it. You could try the co op.

Paul