Saving with an ex-creditor after completion of IVA - right to set off.

didaiva

Hi,

Would my money be safe if I was to save with an ex-creditor following completion of an IVA? I still have their current account and been successfully transferring £1,000 a month into it and getting £5 every month from it.

I'm thinking of opening a ISA with them, but I'm concerned...

Do they still have rights to set off? Or is the debt completely written off.

I also believe said creditor, Halifax, went on to sell the debt to Max Recovery in the end too.

What about savings in Lloyds Banking Group too, would they be safe?

Thanks in advance for any advice here.

IF

Hi idaiva, I would post your question on the IVA & DRO Board. You will get more help and support there.

IVA & DRO Board - Click here


Best wishes
If...x

didaiva

Sorry, just reposted this in the right forum: https://forums.moneysavingexpert.com/discussion/3695639