We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Help regarding CAB advice
Southpaw
Posts: 94 Forumite
Hi
I don't know if I know the full details but a friend of mine has been to the Citizens Advice regarding her debt problems and has had some strange sounding advice.
She currently is well into her overdraft and has other debt on credit cards.
The CAB have advised her to open another bank account and to move her salary into the new account. Therefore leaving ther account overdrawn with no other funds going in. Then to ignore the original bank and its demands.
Does this sound right?
Obviously I only know what I'm being told, however believe this to be correct.
I don't know if I know the full details but a friend of mine has been to the Citizens Advice regarding her debt problems and has had some strange sounding advice.
She currently is well into her overdraft and has other debt on credit cards.
The CAB have advised her to open another bank account and to move her salary into the new account. Therefore leaving ther account overdrawn with no other funds going in. Then to ignore the original bank and its demands.
Does this sound right?
Obviously I only know what I'm being told, however believe this to be correct.
0
Comments
-
usual advise IMO would be open a basic account elsewhere then arrange for a SO to go to original account each mothe to cover od charges and interest and clear as much of the capital as can be comfortable afforded.
If there is no surplus income the CAB may write to the bank on the claiments behalf.MF aim 10th December 2020 :j:eek:MFW 2012 no86 OP 0/2000
0 -
Thanks for the reply. Don't think there is surplus income hence being overdrawn.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247K Work, Benefits & Business
- 603.6K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards