📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

New account with creditors?

Options
Hi I am on a dmp, I have a debt with nat west (credit card), I have just opened a new bank account for wages to be paid in with Nat West, but not activated it, is this gonna be ok or will it just cause problems for me? any advice appreciated, have a great day:j

Comments

  • yellowmonkey
    yellowmonkey Posts: 7,052 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    Hi

    To be honest i would open an account with a bank that has no link to any of your creditors. I have heard tales on here of the creditor taking from one account to pay off debts held in another account that has arrears.

    ym
  • Yeah yellowmonkey is correct. Lloyds take money out of my current account to pay my CC so I know they can and do do it. Better to open an account where you owe no money
    :j £2 coins = £2.00 :j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.1K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.