www.iva.co.uk

Will i have to give up my maestro debit card if i enter into an IVA?

Hi Tanya
Yes if it allows no credit, but if your bank that provisdes the card is one of your creditors you will need a basic account not connected to creditors.

Ang


Please visit my blog at http://aguise.blogs.iva.co.uk/

Hi
Only if it is from one of your creditors.
If the account is a non creditor and not HSBC/First Direct you will be able to keep it.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

You probably have a three functioncard(masetro,cheque guaranteer, cash)
issued to a normal bank account. You will not be given this card in an iva, and have to settle for a SOlO or Visa Electron-not as good and downgrade to basic bank account

Only one UK bank owned by An Australian Bank
offer a basic bank account with a maestrocard

<<My motto:I am proud of black culture and is against racist bigotry>

HI
You can have a Maestro card with Think Banking,there is a monthly fee of £12.50 and set up fee of £25 but you are guaranteed acceptance.
Regards

Andy Davie
IVA.co.uk Spokesperson

About me:
http://www.iva.co.uk/andy_davie_profile.asp

IVA Helpline: 0800 197 4838
http://www.iva.co.uk/iva_helpline.asp

I kept my debit card and chequebook when I was in my IVA.

Yesterday is history, tomorrow is a mystery, today is the present - a gift to make the most of.

View my blog at http://skippy13.blogs.iva.co.uk/

Skipper wrote:

Only one UK bank owned by An Australian Bank
offer a basic bank account with a maestrocard

Is it a secret to say which one ? [:D]

I have a maestro card and am in an IVA - I think they key is to arrange the bank account before the IVA goes through otherwise there will be a problem when you are credit scored.

Mine is a Visa Debit card rather than Maestro, but they didn't query it with me and did a credit check about the same time as IVA going through