Monday, 06 February 2012 12:42
Subscribe to this RSS feed

Do I Need A New Bank Account In A Debt Managment Plan? Written by  Jon

Rate this item
(0 votes)

I need to start a debt management plan and was told I had to get a new basic bank account, I have a basic account, do I need a new one?

Answer:  As long as the bank you have your basic account with is in no way to be included or a part of your debt management plan, it should be OK.

If you owe them any money, then it will be an issue.

In most instances when someone begins a debt management plan, they are told to open a new basic account with a neutral bank, one that you do not owe money to or have any previous dealings with.

I hope this has answered your question.For more information and assistance, please complete our eligibility form at our web site www.debtmanagement.co.uk or ring us at 0800 690 6853.

Regards,

Jon

Read 472 times | Like this? Tweet it to your followers!
Published in Debt Management
Tagged under
Social sharing
Jon

Jon

Latest from Jon

Related items (by tag)

More in this category: « Travel, Debt Management, And Bankruptcy Can I Include A CCJ In Debt Management? »
back to top

Debt Calculator

Debt Amount


coins

Monthly Repayments


calendar-icon

You could be debt free in

Read more

Jason's Story

Jason called us when his his £24,500 debt became unmanageable. He was debt free in just 60 months!

    • Gave him ONE affordable
      monthly repayment
    • Wrote off £9500 of his debt total?
h
  • We protected his home
    and assets?

Read more

Top 10 ways we can help you!

  • checklistReduced Stress
  • No creditor contact with an IVA
  • Write off debt you can’t afford to repay with an IVA
  • Freeze interest and charges in an IVA
  • One affordable monthly payment
  • Fresh Start
  • Debt free in 60 months with an IVA
  • Stop repossession
  • Instant, confidential advice
  • Trained advisors offering advice on a range of solutions

Get help now

 

Latest forum posts

  • Jon replied to the topic
    Re: Bankruptcy - 20 hours ago
  • Jon replied to the topic
    Re: Bankruptcy - 20 hours ago
  • Jon replied to the topic
    Re: Bankruptcy - 20 hours ago

Recent Blog Posts

Latest News

Why Debt Management

Read more

DebtManagement.co.uk is owned by My Money LTD, Metropolitan House, Station Road, Cheadle Hulme, Cheshire, United Kingdom SK8 7AZ, Company Number - 07709369

The Website is operated by Rent Assist Ltd, 112 Urmston Lane, Stretford, Manchester, M32 9BQ

Company Number – 07392309, Consumer Credit License (CCL) – 0641594

Please see Terms and Conditions for more information about the financial products we provide. Please note your home and property could be at risk if you do not keep up your secured repayments.

This site is owned by My Money Group and Operated by EQI Independent Ltd