If you’re behind with payments to any loans, credit cards or overdrafts with a bank or building society, any money you pay into that bank could be at risk of being taken – although this rarely happens. To avoid any chance of this happening, we’d recommend you talk to your bank and explain that you’re struggling to keep up with payments.
If you’re worried about debt problems or a bank taking money from you, get free debt advice online.
Your lender may offer to:
Separate any overdraft from your existing account
Set up a new 'clean' basic bank account for you
Help you to continue banking with them while you pay off debts you owe them
If your bank isn’t able to help, or you’d prefer not to stay with your current provider, we recommend setting up a new basic bank account with a provider that isn’t connected to any of your outstanding debts.