stars-five-icons
Call free today on 0808 2085 198
10.03.2015

Changing Your Bank

There may be a couple of reasons that you will need to change your bank when you enter into an insolvency arrangement. Firstly if you have an overdraft on your account that has a negative balance, this is considered a debt as much as any credit card or loan and so will need to be included in your arrangement.

Secondly if you have a separate debt with the bank that you have your current account with, then it is unlikely that they will allow you to continue banking with them. Finally, there are some banks and building societies that will not allow their clients to continue banking with them and so you will also need to change. Your case officer will be able to advise you as to whether you need to change your current account.

When opening a new account, you will need to open a standard account with no overdraft facilities.

If you need more information about the options available to you in dealing with your debt, you can always speak confidentially with one of our friendly advisors on 0808 2085 198.

Write off debts you cant afford
Find out if you're eligible

Please select the total sum of your debt

Less than £6,000
£6,000 - £20,000
More than £20,000

How many creditors do you have?

less than 2
2 or more

What kind of debts do you have?

Credit Card
Store Card
PayDay Loan
Catalogue
Personal Loan
Overdraft
Gas/Electric/Water Arrears
Income Tax / National Insurance
Tax Credit/Benefit Overpayment

What type of property do you live in?

Owned
Rented
Private Rented
Living With Parents

Where do you live?

Scotland
England
Wales
Northern Ireland

At Creditfix we will only use your personal information to conduct your debt help application. You will be called by a member of the Creditfix team who will give you information on insolvency solutions. Creditfix will also send you an email and SMS to pass on a welcome pack.

If you consent to us contacting you for this purpose, please tick here