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Barclays stopped my switch to natwest due to IVA
I have today queried with Natwest why I haven't received the Switch incentive for going to them.
They have now come back stating that Barclays stopped the switch process because I have entered into an IVA. Hence why I haven't received £175 offered to transfer. I was totally unaware that this had happened, admittedly I had some issues with direct debit's been paid to start with but having never doing this before just thought it was part of the process.
I am now a little shocked and upset that this has happened and also confused as to where I stand about getting this money, I was only trying to sort my finances out and Barclays do this. Can anyone offer any advice ?
They have now come back stating that Barclays stopped the switch process because I have entered into an IVA. Hence why I haven't received £175 offered to transfer. I was totally unaware that this had happened, admittedly I had some issues with direct debit's been paid to start with but having never doing this before just thought it was part of the process.
I am now a little shocked and upset that this has happened and also confused as to where I stand about getting this money, I was only trying to sort my finances out and Barclays do this. Can anyone offer any advice ?
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All depends if there were any conditions as part of the switch eg IVA.Seems odd for Barclays to do it rather than Natwest if is in the T&C's re no IVAs.Apologies I have no other advice to add.1
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Spoke with Natwest again this morning and they have said everything is fine from their side of the switch and said I need to find out from Barclays as to why it was stopped.0
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dethmart said:Spoke with Natwest again this morning and they have said everything is fine from their side of the switch and said I need to find out from Barclays as to why it was stopped.A question I should have asked is have you entered into an IVA ?Post back with the reply.
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Barclays are well known for not being insolvency freindly, using the switching service whilst in an IVA was a bad idea.
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 -
Why are Barclays not friendly when it comes to insolvency?
This is all news to me.
I had to Switch accounts to be able to go through with the IVA. Why would they stop a bank switch?0 -
neither are natwest as i found out when i entered into my iva they downgraded my full accounts to the basic accountsourcrates said:Barclays are well known for not being insolvency freindly, using the switching service whilst in an IVA was a bad idea.sealed pot challange 5 member 1478 £0/£200
debt payments £0/£4505
debt free date 01.03.2014
weight loss 7lbs/126lbs0 -
Internal policy I suppose, a good choice of account for an insolvent would be either Lloyd’s, the Coop, or Nationwide.dethmart said:Why are Barclays not friendly when it comes to insolvency?
This is all news to me.
I had to Switch accounts to be able to go through with the IVA. Why would they stop a bank switch?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 -
strange they used to be the only bank which would take undischarged bankrupts, that was a while ago though and things may have moved on policy wise
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