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Avoiding Set-Off risk - are Halifax related to Lloyds?
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recklessmurmur
Posts: 51 Forumite
I have CC debt to Lloyds which I am struggling with. My main bank account is with Halifax. Is there a risk here that money in my Halifax account could be taken to pay Lloyds CC should I ever need to stop payments? Do I need to look at a totally seperate account?
Thank you xx
Thank you xx
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Halifax is operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.
I think that answers your question.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 -
sourcrates said:Halifax is operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.
I think that answers your question.
Just not to make my own thread, I have decided to switch to Chase before cancelling my direct debits. JP Morgan are not involved with Lloyds are they, as two of the debts are MBNA.
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Not at all, no.LeedsOnTheUp said:sourcrates said:Halifax is operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group.
I think that answers your question.
Just not to make my own thread, I have decided to switch to Chase before cancelling my direct debits. JP Morgan are not involved with Lloyds are they, as two of the debts are MBNA.1
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