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bank account advice needed

i am with tsb who some of my debt is with it likes payplan will recomend iva i meet them next week do i switch to another bank now with whom i have no debts are just wait to see what payplan say
. debt free Oct 15th 2011....:T ...

Comments

  • i am with tsb who some of my debt is with it likes payplan will recomend iva i meet them next week do i switch to another bank now with whom i have no debts are just wait to see what payplan say

    Welcome silentlucidity! Others will be along soon to give you advice but I believe people like CCCS recommend you open a simple bank account with another company whom you don't have debts with. But as I say others with more experience will clarify this for you.

    All the best.
    DFW Nerd no: 149 ;)

  • Macduff_3
    Macduff_3 Posts: 92 Forumite
    Welcome silentlucidity! Others will be along soon to give you advice but I believe people like CCCS recommend you open a simple bank account with another company whom you don't have debts with. But as I say others with more experience will clarify this for you.

    All the best.


    Yes - this is the best thing to do. Lloyds are a nightmare with taking people's entire wages to pay towards debts so its best to get out of there asap. Check also if your new bank is affiliated with anybody else eg Halifax & Bank of Scotland are both part of HBOS so if you have a debt with one they will take money from an account held with the other to pay that debt. Likewise with Natwest and Royal Bank of Scotland.
  • james32_uk
    james32_uk Posts: 1,223 Forumite
    As above, but there's no need to get only a basic account. Any account with any institution not linked to any of your debts is fine.
    Debt as at 12th July 2006 - £61,345 :eek: :eek: :eek:
    Debt free 21st Oct 2011.

    All thanks to :money:
  • kittykat100
    kittykat100 Posts: 534 Forumite
    Car Insurance Carver!
    Due to Barclayscum, taking out £400 out of my a/c to pay towards my debt with them and leaving me unable to pay my rent I moved my account.

    I can recommend First Direct, they were great and dealt with everything for me, they have internet banking and when you call them you speak to a real person. Also if you open an account now you get £50!

    I am in direstraights but they let me open an account with them, it didn't take long at all and they were great.

    Kittyx


    Life is sometimes a bit pants but occasionally you can wear your french knickers! :D
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