Setting off worries from Halifax - Mint(RBS) credit card etc.

CuriouS

Hi All


First post


Unfortunately I owe a lot of money to creditors £40k many of the debts have been sold off except for MINT (RBS) owe around £2k to them - I have dealt with this through the CAB who advised me to move my Lloyds TSB account to another bank so that LloydsTSB couldn't set off any amount against what I owed (to protect my income)... these debts a large overdraft and a 15k loan was sold to Cabot and I no longer receive any correspondence from LloydsTSB (plus they are no longer together now separated) - I moved all my salary to a new Barclays account.


I'm trying to get my head out of the sand and I will. I'm in a lot of debt for family reasons all for the greater good and for a good reason so I'm not worried plus it's six years this December so defaults will start to drop off (hopefully) and my credit score will be somewhat better as I have an Aqua Credit card and Vanquis Credit Card, one of which is paid off in full and the other for emergencies, which has saved my !!! SEVERAL times .


So to cut a long story short, I am trying to save and earn extra cash to store in one account so I can pay my creditors off accordingly, so I opened a Halifax account and was given an account no troubles, I tried HSBC but they wouldn't even give me a current account


I'm concerned as I mentioned I owe Mint credit card some money and I was worried they could dip into my Halifax account.... is this true?!!!?!?! (Seeing Mint still own the debt as it hasn't been bought out by someone else!).


So my questions are:

1. Are Mint/Halifax the same company?
2. Can they take my money from my Halifax account (it is in the same name as my debts but I do have a payment plan with Mint in place).
3. If so what bank should I try to get a bank account with to start sticking my extra earnings/savings into?

Any answers would be GREATLY appreciated thank you all so much!

eskbanker

As you rightly say at the start, Mint is part of the RBS group. Halifax isn't, it's part of Lloyds group, so no setoff possible between the two....

dr_adidas01

eskbanker wrote: »

As you rightly say at the start, Mint is part of the RBS group. Halifax isn't, it's part of Lloyds group, so no setoff possible between the two....

Not sure why you don't think Halifax is part of the Lloyds Group, in fact Halifax and Bank Of Scotland is part of Lloyds Group, its was aquired by Lloyds in January 2009.

SuperAllyB

dr_adidas01 wrote: »

Not sure why you don't think Halifax is part of the Lloyds Group, in fact Halifax and Bank Of Scotland is part of Lloyds Group, its was aquired by Lloyds in January 2009.

Did you actually read the post you quoted?

CuriouS

So you are saying it is 100% safe to put money into this account without any repercussions?


BUT...


I still owe money to Mint however and they are owned by RBS - is this different from the Bank of Scotland?

h*ttps://google.co.uk/?gfe_rd=cr&ei=zw2RVaetKIjj8weLmYDYCA&gws_rd=ssl#q=halifax+parent+organization&stick=H4sIAAAAAAAAAGOovnz8BQMDw0oOZiFO_Vx9A8OCqkJzJQRTyyCj3Eo_OT8nJzW5JDM_Tz-_KD0xL7MqEcQptipILErNK1FAFnzEGMMt8PLHPWGp4ElrTl5j9OUi2QghSS4217ySzJJKIX4uXimEazQYeE6y9M5mESvKnz7T8oR76YF7nTs_9wMATCNMqcYAAAA


Reason I ask is that if you click the link it shows you the parent organisations, surely if RBS are the same as Bank of Scotland, then this means setting off must be possible through my Halifax account??????


Need

SnowTiger

CuriouS wrote: »

...surely if RBS are the same as Bank of Scotland...

RBS (Royal Bank of Scotland) and Bank of Scotland are different entities.

The Royal Bank of Scotland:

Not to be confused with Bank of Scotland.

Bank of Scotland:

Not to be confused with The Royal Bank of Scotland.

planteria

Royal Banks of Scotland: RBS, NatWest, Ulster Bank, Coutts, Mint...

Lloyds Banking Group: Lloyds, Halifax, Bank of Scotland, Scottish Widows, Birmingham Midshires...