Help get this topic noticed by sharing it on Twitter Twitter, Facebook Facebook, or email.
grumpyduck@sky.com
sad I’m confused
grumpyduck@sky.com February 02, 2012 18:08

Bank Adding Charges

I'm in an IVA and one of my creditors, my old bank, is still adding charges to my old account, is this right? I thought that the account would have been closed by now.
1 person has
this problem +1
Reply

  • Tylah Thompson EMPLOYEE
    Tylah Thompson (Employee) February 03, 2012 11:55
    Your creditors will not close accounts whilst an IVA is still active but they should not be applying interest or charges after the approval of an IVA.

    Even if it appears that these charges are being applied to the account, the creditor will not be able to claim for these charges in the IVA, they are only entitled to claim the balance as at the date of the creditors meeting.

    You should contact your IP to make them aware and they will be able to advise the bank accordingly.
    Comment
    good solution! good solution! (undo)
  • (some HTML allowed)
    How does this make you feel?     Add Image
    I'm

    e.g. kidding, amused, unsure, silly indifferent, undecided, unconcerned sad, anxious, confused, frustrated happy, confident, thankful, excited

    Cancel