I'm surprised that your friend's I & E wasn't checked, and even more surprised that he was able to keep an account with HSBC. They aren't BR or IVA friendly, and I would recommend a Co-op Cashminder account.
Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.
Last IPA payment made on 28th June 2010 - it's over at last!
Thanks Tracey.
I think they did go over his I&E but they didn't check to see what he already had in the account. He had transferred some money from a credit card into his account because he'd run out of money and I don't think they took it off him; they just saw through the I&E that he would be able to pay £125 per month after expenses. So I'm wondering if that's a normal scenario that others have experienced?
He also thought HSBC were going to shut his account because he'd heard they weren't BR friendly, so he opened up one with Barclay's in case. But it turned out he didn't need to. :-/
My bank account wasn't checked, but you are supposed to declare any money in the account on the BR forms - I did as I didn't want anything to come back and bite me!
The banks are a law unto themselves - I had an account with Lloyds and I was able to keep that. I ended up with a Cashminder account though when I had a problem with the cash card.
Introducing my problems
Posted - 01 February 2011 : 20:33:06
