question category: IVA

can i keep my debit card account if i clear my overdraft before an iva
Submitted on: 3rd Oct 2009 by Non-Member | Total Answers: 1

Answer this question

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

Re: can i keep my debit card account if i clear my overdraft ...

Debt Advice Foundation believe you shouldn't really pay off one debt and put the others into an IVA, it isn't fair to have some creditors writing debt off while one gets all their money back.

However if the overdraft is relatively small and you can stay out of it and you don't owe any other money to that bank you should be able to keep the account.

Otherwise you can open an account like the Co Op cashminder which has a debit card.

Submitted on: 5th Oct 2009 by Darren Member

0
 

Post new comment

The content of this field is kept private and will not be shown publicly.
Type the characters you see in this picture. (verify using audio)
Type the characters you see in the picture above; if you can't read them, submit the form and a new image will be generated. Not case sensitive.

Featured Debt Charity

“What we like most about the help the Debt Advice Foundation provide is it’s balanced and fast. You’ll get the right solution suggested confidentially in hours not days.” Debt Advice Foundation