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How long have I got before my credit score is in the pan?
f1ameboy007
Posts: 38 Forumite
Hi guys, I'm currently under the advice of cccs.
They have advised me to cancel my direct debits to my creditors until I sort out my DMP?
They also advised me to set up new bank accounts away from my creditors to start again.
I was wondering, how long have I got from not paying my creditors to getting a new bank account sorted before I default etc and can't get one?
Many thanks
They have advised me to cancel my direct debits to my creditors until I sort out my DMP?
They also advised me to set up new bank accounts away from my creditors to start again.
I was wondering, how long have I got from not paying my creditors to getting a new bank account sorted before I default etc and can't get one?
Many thanks
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Comments
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Bump
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Even once you have defaulted, you will probably find it easier to open a basic bank account. You won't get an overdraft, cheque book or full debit card, but if you're in a DMP that may be for the best.urs sinserly,
~~joosy jeezus~~0 -
Thank you 0
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f1ameboy007 wrote: »Thank you
You will get a debit card not sure what Quincy jones is on about when saying full as a debit card is a debit card.0 -
BugsyBrowne wrote: »You will get a debit card not sure what Quincy jones is on about when saying full as a debit card is a debit card.
Perhaps referring to a offline or online full auth card.
OP should apply for an account sooner rather than later if I was you with a bank who is not a creditor and not HSBC / First Direct cause they'll close it if they get wind of the DMP.0 -
I have an account with lloyds now.
Will lloyds close the account if they see cccs on the direct debit form?0 -
Doubt it very much. Only ones to be careful of are previous creditors and HSBC group.0
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I have a card with bank of Scotland are they associated with lloyds0
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f1ameboy007 wrote: »I have a card with bank of Scotland are they associated with lloyds
I think the Bank of Scotland are part of the Lloyds banking group?
Probably not wise to put any funds in that account as they may have the right to offset? I would maybe try Natwest or Barclays. Both banks tend to have decent success rates in getting a basic bank account. Good luck.Let the sunshine.0 -
This may help http://www.moneysupermarket.com/c/news/who-owns-who/0003118/
although it's a couple of years old now.LBM 24/05/2012 :TAugust NSD 10/12 * £2 savers0
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