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Debt relief order

edited 21 January 2021 at 4:21PM in Bankruptcy & living with it
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WaynetomWaynetom Forumite
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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 

Replies

  • edited 21 January 2021 at 4:59PM
    sourcratessourcrates Forumite
    25.5K Posts
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
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    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.
    Ex MSE Board Guide.

    More than a third of IVA`s fail....fact.
    Could A Debt Relief Order help you ?
    Never pay for a Debt Management Plan.
    For free debt advice, contact either : Stepchange, National Debtline, CitizensAdviceBureaux.
  • ExperHRExperHR Forumite
    8 Posts
    Fifth Anniversary First Post
    Forumite
    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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