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Could have a problem with joint bank account
ranger24
Posts: 35 Forumite
:eek: :eek:
I was in a DMP with the CCCS but my circumstances changed and i was unable to continue with this. Papers are almost ready to go BR apart from the mortage and secured loan which are in joint names all the unsecured debts are in my name and are business related. I had my own business account which i was advised to close by the CCCS at the star of the DMP and open an account with a different Bank which i did. We also had a joint personal account which had and still has an overdraft facility on it which is being reduced every month by the bank. As it is in overdraft we cannot close it or have my name traken off it i no longer use this account and use my own basic Bank Account to have wages paid into which are then transferred into the joint account in order to pay the bills etc. Will I still be required to close this account and open another one any advice welcome.
I was in a DMP with the CCCS but my circumstances changed and i was unable to continue with this. Papers are almost ready to go BR apart from the mortage and secured loan which are in joint names all the unsecured debts are in my name and are business related. I had my own business account which i was advised to close by the CCCS at the star of the DMP and open an account with a different Bank which i did. We also had a joint personal account which had and still has an overdraft facility on it which is being reduced every month by the bank. As it is in overdraft we cannot close it or have my name traken off it i no longer use this account and use my own basic Bank Account to have wages paid into which are then transferred into the joint account in order to pay the bills etc. Will I still be required to close this account and open another one any advice welcome.
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Comments
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Once you're BR this account will fall to your OH who will be responsible for the whole OD. They will remove your name from it when they hear of your BR
As there is a payment plan in place they may well allow that to continue.Accept your past without regret, handle your present with confidence and face your future without fear0
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