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Bank account question
Daisy2015
Posts: 31 Forumite
I am just about to set up a DMP and wondering if I need a basic bank account before I do this? I owe nothing to my current bank. I don't have an overdraft. Can I just keep using this account and set up the direct debit to stepchange?
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Comments
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Yes you can if as you say your bank account isn't in the red.0
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I am just about to set up a DMP and wondering if I need a basic bank account before I do this? I owe nothing to my current bank. I don't have an overdraft. Can I just keep using this account and set up the direct debit to stepchange?
As long as none of your debts are with the same banking group, you will be fine.I’m a Forum Ambassador and I support the Forum Team on the Debt free wannabe, Credit file and ratings, and Bankruptcy and living with it boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.For free non-judgemental debt advice, contact either Stepchange, National Debtline, or CitizensAdviceBureaux.Link to SOA Calculator- https://www.stoozing.com/soa.php The "provit letter" is here-https://forums.moneysavingexpert.com/discussion/2607247/letter-when-you-know-nothing-about-about-the-debt-aka-prove-it-letter0 -
i had a DMP with step change which i finished 2 yrs ago i also had a normal bank account with a debit card and no debts with nationwide running at the same time as the DMP. i have had absolutely no problems with nationwide at all, as a matter of fact i recently needed an emergency loan for vital house repairs they were more than helpful.debt free as of 1/10/2014 and loving it :j
All done using YNAB and Bank tree.:cool:0
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