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totally lost
Junior Member
116 Posts |
 Posted - 03 August 2009 : 13:05:08
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Hi there all
I am desperately saving up to go BR(And to have some help from BR company) but this is going to take abit longer than I anticipated.
I have now missed 3 DMP payments and the few letters I have received are stating 'further action' etc.
I have had a RBS current account for well over 5 years and never had any problems even though two of my debts are with RBS and MINT.
So, should I open another unrelated current account until I have actually gone to court??
I am really worried that because two of my debts are linked to RBS they may get really vicious and take money from my accounts when they want??Specially now since I have defaulted on my agreed DMP payments/after paying them for 5 years.
My salary gets paid into this account and this is everything I have...!? Heeeelp!!
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Daniel Griffiths
Junior Member
United Kingdom
268 Posts |
Posted - 03 August 2009 : 13:26:10
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Hello
You should open a CO OP Cashminder account as soon as possible Tel 0845 602 7057 or your nearest branch and have your salaries/ benefits paid into this account, they may ask if you are bankrupt or about to go bankrupt you can freely advise them of this. This will give you control of your money and then wait until you can petition. Any action the creditors take against you will fall away anyway on the granting of the order unless they manage to secure their debt against any of your assetts mainly property. |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 03 August 2009 : 15:37:57
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quote:
Originally posted by totally lost
Hi there all
I am desperately saving up to go BR(And to have some help from BR company) but this is going to take abit longer than I anticipated.
I have now missed 3 DMP payments and the few letters I have received are stating 'further action' etc.
I have had a RBS current account for well over 5 years and never had any problems even though two of my debts are with RBS and MINT.
So, should I open another unrelated current account until I have actually gone to court??
I am really worried that because two of my debts are linked to RBS they may get really vicious and take money from my accounts when they want??Specially now since I have defaulted on my agreed DMP payments/after paying them for 5 years.
My salary gets paid into this account and this is everything I have...!? Heeeelp!!
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 03 August 2009 : 15:39:36
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Hi
I endorse the suggestion to open a Cashminder Account at the Coop. I opened one after my BR petition and they were lovely and said that most of the BR cases in the city (Plymouth) were going to them for an account.
Good luck |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 03 August 2009 : 20:53:03
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Or there is Barclays and THinkbanking too
Stu J Byron |
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debtinfo
forum expert
2826 Posts |
Posted - 03 August 2009 : 21:29:23
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| also just to say that in most cases a bankruptcy assist co is not needed the forms are straight forward and there is lots of help on this forum, have a go yourself and if you cant do them think about paying for help. it costs nothing to have a go yourself first |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 03 August 2009 : 21:33:17
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Hi
Sometimes bankruptcy assistance is useful depending on the complexity of your case, the team at Reviva Uk will provide an excellent services and advice, and sometimes some people feel that they need it as a reasurance that an expert is there.
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 03 August 2009 : 22:41:23
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The Co-op is probably the better one, they are very sympathetic.
Thinkbanking costs.
The glimmer gets brighter all the time
Jan
xx |
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sjbyron
Average Member
United Kingdom
746 Posts |
Posted - 03 August 2009 : 22:53:53
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But it is always worthwhile to know what else is on offer, as not everyone has a good relationship with the coop
Stu J Byron |
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Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 04 August 2009 : 06:37:52
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I agree, but I would use a paid for account as a very last resort.
Iknow I have better things to do with £12+ per month.
The glimmer gets brighter all the time
Jan
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totally lost
Junior Member
116 Posts |
Posted - 04 August 2009 : 12:53:55
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quote:
Originally posted by Daniel Griffiths
Hello
You should open a CO OP Cashminder account as soon as possible Tel 0845 602 7057 or your nearest branch and have your salaries/ benefits paid into this account, they may ask if you are bankrupt or about to go bankrupt you can freely advise them of this. This will give you control of your money and then wait until you can petition. Any action the creditors take against you will fall away anyway on the granting of the order unless they manage to secure their debt against any of your assetts mainly property.
Hi everyone.
Thanks to all who have given me such great advise to this dilemma!!
I will ring the Coop as soon as I get a moment alone and open the basic current acc I need. I get the feeling the only negative side is that I prob wount be able to have a normal debit card...but I just have to get used to that.
Onwards and upwards!
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 04 August 2009 : 14:07:50
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Hi again,
as I said yesterday, I opened a Cashminder account at the Coop (so did my wife and she is not BR). The staff are GREAT - you will have a visa debit or electron card - so you will look normal (If that is what you were worried about) - whatever normal is!!
You can use that card to pay bills dtaw cash etc etc - the only thing is - when theres no money - that means there is no money!! - No o/d facility, no cheque book, all for the best i say...
Good luck and start to live again - it is OK - but this forum, I have to say is wonderful and works because of people in our position - I get depressed and even scared - I am a grown up aged 57 that has had to change my life - once I had everything - now I have to be prudent. Richard |
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totally lost
Junior Member
116 Posts |
Posted - 05 August 2009 : 11:57:53
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quote:
Originally posted by Housing
Hi again,
as I said yesterday, I opened a Cashminder account at the Coop (so did my wife and she is not BR). The staff are GREAT - you will have a visa debit or electron card - so you will look normal (If that is what you were worried about) - whatever normal is!!
You can use that card to pay bills dtaw cash etc etc - the only thing is - when theres no money - that means there is no money!! - No o/d facility, no cheque book, all for the best i say...
Good luck and start to live again - it is OK - but this forum, I have to say is wonderful and works because of people in our position - I get depressed and even scared - I am a grown up aged 57 that has had to change my life - once I had everything - now I have to be prudent. Richard
Hi again
Thanks so much for your advise.
I will definately get a Coop account and all I want is a Visa debit card so I can pay for food etc. I have had a debit card without credit for years now and I love it. Like you say ; when theres no more in the account-thats it!! End of end of.
However-since I have becaome somewhat an expert in money planning I know always excactly whats in my account and what I can use.
Maybe I can ask how much can you draw out in one transaction from a cash machine with the Coop? I have heard that the limit is £400...which would be great as my account now is £300.
Reason for this question is I have no Coop bank to actually go into where I live, but once a month I need a one of withdrawal for rent and bills which is just over £600.
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theguvnor
Junior Member
100 Posts |
Posted - 10 August 2009 : 12:31:14
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| you can withdraw £300 a day, i have a cashminder visa debit. you can also deposit / withdraw at local post offices free of charge and no withdrawal limit. |
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totally lost
Junior Member
116 Posts |
Posted - 10 August 2009 : 12:53:24
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quote:
Originally posted by theguvnor
you can withdraw £300 a day, i have a cashminder visa debit. you can also deposit / withdraw at local post offices free of charge and no withdrawal limit.
Hi theguvnor
Thanks for your reply!! Looks like my worries are over then! Horaah!
Debit card and pop to local superfriendly post office and there I can withdraw more than the cash machine limit-how great!!Super hoorahh!!
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Skippy
forum expert
United Kingdom
3290 Posts |
Posted - 10 August 2009 : 13:05:25
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I use the Post Office for my banking and I find it quicker and easier than when I used to go into a bank, especially as our local PO is 2 minutes walk away!
Tomorrow is a mystery, yesterday is history, today is the present, a gift to make the most of.
View my blog at http://skippy13.blogs.bankruptcyhelp.org.uk/
25 IPA payments made, 11 to go - on the home straight! |
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should I change bank account now!??
