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leahk
Junior Member
117 Posts |
 Posted - 05 February 2009 : 19:57:44
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I opened a Co op cashminder account in readiness for my bankruptcy in two weeks time. The account has been confirmed and I'm waiting for the card and pin to come through.
At present my Income Support, Child Benefit and Child Tax Credit are paid direct into my old account (which I have already been informed will be closed) and tv licence, car insurance and utility bills etc come out via Direct Debit.
As I have exactly 14 days to Court Day, how/when do I change my payments over? I did tell the Co Op of my impending Bankruptcy and they just said to call them two days before my court date to get the account frozen.
Many thanks
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Becs
Starting Member
United Kingdom
44 Posts |
Posted - 05 February 2009 : 20:09:02
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Hi Leah,
How's things with you?
Not sure I can be much help, but I contacted CTC about 10 mins ago and they said it can take up to 30 days to transfer payments to new account, although the guy assured me it would be quicker, but I will not see next weeks payment .... having said that I'm not sure if my old bank account when frozen will mean that credits can't be paid in and will be effectively refused. The CTC man said if credits are refused they will be paid at a later date and won't be lost, so thats some good news!
But I guess my advice, if worth anything, is to crack on with changing your essentail DD's to your co-op account. (And cancel them from your old).
Timing wise, considering your BR date, try and set up all new DD's for 2nd week of March, I guess then your Co-op account will be unfrozen by then? But I'm sure someone else on here will have more accurate info on that.
I didn't mention to Co-op about pending BR .... they'll be nothing in on the day of the BR except enough to pay 2 DD's due the week after, so I'm hoping the money won't get sucked out, and the account will be open in time to pay. But who knows!
The CB people were great, I changed my account details on the Tuesday and the money was paid into my new account the following Monday.
Still trying to get the paperwork done ... kids off school thanks to the snow hasn't helped!!!
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I opened a Co op cashminder account in readiness
