can they see my savings?

indebtbigtime

Hi

can creditors see savings? I dont have much but have a few hundred pounds in a BS. account for a rainy day - no a stormy day

is there anyway that they could see it?

thanks

RAMBLER

Hello

Have you been somewhere for propper debt advise? if not i would suggest the CAB, national debt line or CCCS.

They can not look at something they do not know about, unless you have decleared it, and even then i do not know. Has this gone legal..... but my stongest advise wiuld be get some professional advice...it will be better in the long run....and these people are used to dealing with issues, something which can be new and frightnening.

One word of advice... do not open the door to any creditors....

Good luck

Penelope_Penguin

Hi, there! As this isn't an Old Style question, and an you refer to your creditors, I'm going to move this to Debt Free Wannabe board. They'll be able to answer your question, and help you with the other aspects of dealing with your debts.

Best of luck :beer:

indebtbigtime

hi,
thanks for moving to DFW section, thats where I meant to post it

I am joining DMP with triple CCCS, but they seem a bit unsure when I asked them the question re any savings that I might be able to hoard away....

anyone else?
thanks
x

indebtbigtime

bumping up in hope of response.

thanks

MrsTinks

Can they see them? Not unless it is a matter of IVA or Bankrupcy.
Depending on your actual situation however it might be more prudent to use it to pay off a debt? Why not post your full SOA and we can have a look at it for you?

Just to clarify - the creditors can't see your savings... the official reciever or whatever they're called (sorry having a blank moment...) can and usually WILL go through your bank accounts etc and don't even THINK of trying to hide stuff from them in a bankruptcy situation - it WILL come back to bite you

NUFCnutter

What do you class as a rainy day? I would think that it would be worth paying off some of your debt with what you have saved (I am sure that is what Martin is always saying). Not that its a criticism mind you. But maybe its worth considering.

indebtbigtime

thanks guys

to answer the question, its already raining hard/......this is for a storm

on dmp, little point paying a few hundred off 70k. this is for heating going wrong, engine blowing etc etc. cheers for advice NUF