www.iva.co.uk

I'm 2 years into an IVA. Have had no issues, all reviews OK and payments on time. I've now discovered that one of my creditors within the IVA (Ratesetter) has been acquired by Metro Bank. Metro Bank are my "safe bank" as I had no relationship with them prior to the IVA. My practitioner (PP) does not know if Metro can now offset from my current account into the loan that is included in the IVA. IMHO inside the IVA I'm legally protected but they just don't know. Do I need to go through the rigmarole of changing to another "safe" bank all over again? Any ideas?

I would be inclined to change again. Under the terms of the IVA Metro cannot grab funds to offset, but it is not impossible that they might try and sorting it out would take a while, leaving you with no money to live on in the meantime.

I don't know how Metro bank work but it might be an idea to open another one - Co-op are good but you have to apply online or in branch.