www.iva.co.uk

Hi! I'm after a bit of advice please!

I have poor credit history, but my new husband is in an IVA. For the wedding we received some cheques in our joint names. My issue is that we don't have a joint bank account.

Rather than have to get the cheques re-issued I'm trying to find out if there would be any complications to opening a bank account with my husband. We only want to open an account to access anything we receive in joint names, now and in the future. It will then be transferred out of said account so there will rarely be any money in it. Is there any risk to my credit rating or risk of me being liable for his debts if we open a joint account? Would there be any risk of him getting in trouble for having the account either?

Thanks!

If the cheque has both names on it, then you should be able to pay it into any account that has either name on it. It doesn't have to be a Joint account.
You may be able to get a joint account but I personally wouldn't.

Hi and welcome

Your credit rating won't be affected as such and you won't be liable for his debts.

I wouldn't recommend you open a joint account though.

A joint account would link you financially and any credit search they do on you in the future (well -- next 6 years)will be affected by his IVA, but, as you say, your rating is already poor.

Hi there, welcome and congratulations on your marriage.

If you take a copy of your marriage certificate in to your bank they may allow you to pay in the cheque to one of your single accounts rather than opening a joint, which maybe isn't advisable at this present time.

I think you should be able to pay these into a sole account.