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Help with linked financial institutions as new bank account needed.
Nandnangel
Posts: 1 Newbie
Hi.
We currently are on a DMP and have been with Norwich and Peterborough Building Society for several years for our banking services. It was announced yesterday that the account we have will be closed at the end of August as they are no longer offering current accounts, this is happening to all N&P customers.
We need to open a new account but need to make sure it isn't connected to any of our creditors. Most of our debts are now with debt collection agencies so I don't know if that makes a difference. Can anyone advise who we could consider? I'm thinking either Nationwide, Virgin Money or the B Account by Clydesdale/Yorkshire Bank.
Our creditors are:
Cabot
Barclaycard
Link Financial
Moorcroft Debt Collection
PRA Group
Idem Capital
Westcot Credit
Direct Legal & Collections.
TIA for any help and advice.
We currently are on a DMP and have been with Norwich and Peterborough Building Society for several years for our banking services. It was announced yesterday that the account we have will be closed at the end of August as they are no longer offering current accounts, this is happening to all N&P customers.
We need to open a new account but need to make sure it isn't connected to any of our creditors. Most of our debts are now with debt collection agencies so I don't know if that makes a difference. Can anyone advise who we could consider? I'm thinking either Nationwide, Virgin Money or the B Account by Clydesdale/Yorkshire Bank.
Our creditors are:
Cabot
Barclaycard
Link Financial
Moorcroft Debt Collection
PRA Group
Idem Capital
Westcot Credit
Direct Legal & Collections.
TIA for any help and advice.
0
Comments
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Hi
This website gives you an overview of the main banking groups which should help:
www.lendingstandardsboard.org.uk/registered-firms
James
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
All of those you have listed except Barclaycard are debt collection agencies. It would likely help more if you listed the original creditors.*The RK and FF fan club* #Family*Don’t Be Bitter- Glitter!* #LotsOfLove ‘Darling you’re my blood, you have my heartbeat’ Dad 20.02.200
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As above, the DCA's are likely just managing the debts so we need to know the original creditors in order to give you correct advice.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
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