One of the most important things we advise our clients is to protect their money. If you’ve got a debt with the same bank that your current account is with we recommend you talk to your bank as soon as possible.
They may be able to:
- separate any overdrafts from your existing account
- set up a new 'clean' basic bank account for you
- help you to reduce your overdraft at an affordable rate and in line with your other debts
If your bank is unable to help you, then we recommend you set up a new basic bank account with a provider you don't have any debts with. If you don't do this, there's a very small chance of your money being taken from your account by your bank to pay your debts off, which could affect your ability to pay for your essential household and living costs.