Do creditors have the right to see bank statements?

FinallyLearnt

As title really. A couple of creditors are refusing to enter into agreements for repayment until they've seen a bank statement. The only problem is, I've just changed banks so won't get a statement for another week or so I expect.

I've sent them income and expenditure details, but they're still refusing to consider any agreement until they've seen the statements.

On a positive note, I've now got another two creditors who have agreed to payment plans so I'm getting there with them all.

prettypaula

as far as i know its only the courts who have the right to request inc/outgoings let alone bank statements, tell them to jog on!

vax2002

You write to them outlining your credit commitments stating you have allocated the full amount of spare money to pay each creditor in priority order , those that refuse to accept payment will be removed from the creditors list and that creditors payment will be allocated to the next creditor on the list.
You state that any refusal to accept payment will be presented to the courts as "refusal to accept payment" and used to defend any action, that if you do not hear within 14 days you shall assume that they do not wish to be placed on your preferential creditors payment plan and shall remove them from the list.

Hanky_Panky

The answer to the OP's question is of course NO - they have no absolute right to see your statements but equally they also don't have to accept your offer of payment so it's up to you.

I'm not sure that Vax'x comments above will hold any water if it should go to court - by then the lender would have the evidence to suggest the borrower wasn't cooperating. Not really helpful in my opinion and not what I would suggest to one of my clients.

maginot

As hanky states, they don't have a right to see your statements. But a court would likely see it as a reasonable request when deciding on a repayment plan.
Depends whether you want to take it to court or not for the want of sending bank statements?