Should i open a new...
 
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Should i open a new bank account before TD?

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(@scruffy)
Active Member
Joined: 13 years ago
Posts: 13
Topic starter  

Approx 50% of my unsecured debts are with the same bank that i use for my wages to go into...!!!!!...my question is...should i open a new bank account with a diff bank.....one that i have no debts with....jst in case my present bank tells me to close my account???...as ive taken out a TD with them???....my reasoning is that i can easily get another bank account now as i have a very good credit rating...but after the start of the TD...i prob wont be able to get anothrr account due to credit searches/scoring....just wondered what u all think...?? maybe im worrying a bit too much about the details involved when u are signed up/committed to a trust deed and all the limitations of it????


   
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(@worriedme)
Trusted Member
Joined: 14 years ago
Posts: 87
 

I've recently signed TDpaperwork and was advised to open a new basic bank account. I've gone with Nationwide and no problems so far.

worriedme


   
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Mark McFadyen
(@mark-mcfadyen)
Famed Member
Joined: 17 years ago
Posts: 4798
 

Personally, I always advise people to open a new account.

Mark

Mark is not posting regularly in the Trust-deed.co.uk forum.


   
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 bj71
(@bj71)
Active Member
Joined: 14 years ago
Posts: 13
 

yes opening a new account is a must


   
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(@gillian)
Reputable Member
Joined: 15 years ago
Posts: 355
 

Definately. You'll only be able to get a basic one but it's all you'll need for the forseeable future.

Nothing left to discharge - everything's done and dusted!


   
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(@plasticdaft)
Noble Member
Joined: 16 years ago
Posts: 1594
 

I used the co ops cashminder account.

Paul

Trust deed completed Jan 2012,Trustee discharge Nov 2012.
A new dawn.


   
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Shona Maxwell
(@shona-maxwell)
Honorable Member
Joined: 14 years ago
Posts: 634
 

Opening a bank account before signing the trust deed is always advisable. I find Barcalays great.

Shona is not currently posting in the Trust-Deed.co.uk forum.


   
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