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Debt relief order

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Waynetom
Waynetom Posts: 1 Newbie
edited 21 January 2021 at 4:21PM in Bankruptcy & living with it
If I do a debt relief order would it affect my bank account 

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  • sourcrates
    sourcrates Posts: 31,447 Ambassador
    Part of the Furniture 10,000 Posts I've been Money Tipped! Name Dropper
    edited 21 January 2021 at 4:59PM
    Not unless you have debt with the same bank or financial institution.
    However it’s always good practice to switch to a basic bank account, with an insolvency friendly bank.
    Coop, Nationwide, and Monzo are three of the best.
    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-letter
  • ExperHR
    ExperHR Posts: 8 Forumite
    Fifth Anniversary First Post
    sourcrates said:
    Not unless you have debt with the same bank or financial institution.
    However it’s always good practice to switch to a basic bank account, with an insolvency friendly bank.
    Coop, Nationwide, and Monzo are three of the best.
    I have been offered a DRO with salary of £30K.
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