I have a co op cashminder account, but have been advised to go bankrupt. I have no debt with co op bank and no credit cards with them. Hence, I do not owe them any money whatsoever. Will I still be allowed to retain my cash minder account with them.
Co-op are pretty good if you already have one. Make sure you don't go overdrawn at all as they have a habit of closing accounts if you do it three times.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Well based on the fact you can't have an OD on said account they won't have any problems there.
I ran one for about a year and opened it a few days before I went BR - no problems for me. They just won't give it to anyone who comes in after they are BR.
The benefits of this account is the facilities. I also had an account with Barclay's and they took everything away bar cash point use and I never had one near where I lived so I chucked them in.
2 days after discharge I returned to barclays and they had no record of me ever being a customer so I was allowed to open a new account. I now have 4 accounts with them including an ISA.
Co-op told me they wouldn't even consider upgrading my account for 5 years AFTER my BR dropped off my credit - True story. My response was also true
But they can go overdrawn by accident as people on the sister forum have done and they have had the accounts closed.
I have had an account with Barclays for years with no overdraft and no reserve and I have accidentally gone overdrawn on a couple of occasions. I've just bitten the bullet and paid the charges.
The friend in my adversity I shall always cherish most. I can better trust those who helped to relieve the gloom of my dark hours than those who are so ready to enjoy with me the sunshine of my prosperity. – Ulysses S. Grant
Will I be allowed to keep co op cash minder account in bankruptcy ?
Posted - 16 August 2014 : 09:58:35
