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AA Part of Co-op???!!!

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Oh no, in preperation i have opened a Cashminder account but have since found out that AA Personal Finance is part of the Cooperative and I owe AA Personal Finance money

I can't open Barclays as I owe them money also

What should I do, i've litterally just sorted all my DD out!

Will I be abllowed this account still?
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Comments

  • Open a barclays account after bankruptcy then....many have had barclays as a creditor myself included & they offer a basic account after you've gone BR
    We all die. The goal isn't to live forever, the goal is to create something that will
  • Oh man - I too was going to set up a Cashminder but hadn't realised that AA were part of them (AA were RBS when I took out my loans). I owe both AA and Barclays. Is it possible to open a Cashminder AFTER BR and will this be OK?
  • IF
    IF Posts: 34,349 Forumite
    10,000 Posts Combo Breaker
    No if you owed monies to coop and was included in your BR, coop won't accept you.....Barclays will but only after your BR.
    "If wishes were horses, then beggars would ride"
  • Hannah_10
    Hannah_10 Posts: 1,774 Forumite
    Where did you hear the AA was part of Co-Operative banking group? I ask because I was pretty confident they weren't.
    I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
    (Ok, one of them is powerless, spiders can be nasty.)


    As of the last count I have cleared
    [STRIKE]23.16%[/STRIKE] 22.49% of my debt. :(
  • oscar52
    oscar52 Posts: 2,272 Forumite
    Loans
    Applicants must be UK residents, aged between 23 and 69, have a minimum annual income of £10,000 and either be a homeowner or hold a debit, cheque guarantee, store or credit card.
    Credit facilities provided by The Co-operative Bank p.l.c. (Registered No. 990937), PO Box 101, 1 Balloon Street, Manchester M60 4EP are subject to status. The Co-operative Bank is authorised and regulated by the Financial Services Authority (No. 121885) and subscribes to the Lending Code, is a member of the Financial Ombudsman Service and is licensed by the Office of Fair Trading (No. 006110). The Co-operative Bank reserves the right to decline any application or offer a loan at a rate that differs from those advertised.

    Obtained from HERE

    AA credit card on the other hand is issued by MBNA (further doen the page)
    No Longer works for MBNA as of August 2010 - redundancy money will be nice though.

    Proud to be a Friend of Niddy.
    no idea what my nerdnumber is - i am now officially nerd 229, no idea on my debt free date
  • dojoman
    dojoman Posts: 12,027 Forumite
    You can open a Barclays account pre BR, but do as Phil has said and open one after going BR, if you open one before there is a possibility they will try to claim any money in your account to offset the debt. I opened one post BR and they were one of my biggest creditors.
    :pB&SC No. 298
    Life`s Tragedy is that we get OLD too soon
    and WISE too late!
  • Hi, AA loans taken out now are administered by Co-op Bank, but AA loans have used several banks over the years to administer their finance. I took out a AA loan in 2007, at that time they were dealing with HBOS. So every time I get a letter or statement, it is headed AA finance but has the Trinity Road, Halifax address at the bottom of it (which is HBOS head office). I have technically borrowed the money from HBOS (with AA finance getting a commission from HBOS). So in effect it depends when you took the finance out. Hope this helps.
  • I have checked my recent paperwork from AA (Credit card and loan) and all say HBOS, so I guess this is who I have the debt with - not the Co-op
  • In_a_mess wrote: »
    I have checked my recent paperwork from AA (Credit card and loan) and all say HBOS, so I guess this is who I have the debt with - not the Co-op

    yes you actually owe HBOS the money, though AA finance will never admit that.
  • Well mine was with HBOS when I took out the loan in 2007, therefore should this be ok?

    I have just sorted out my wages to be paid into this account and have also set up all my direct debits!

    Do you think I will be ok with this bank account now?
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