When should I change bank accounts?
If you owe your bank money and are struggling to make payments – or have stopped – we recommend you change banks.
Choose a new bank you aren’t in debt with and try to avoid opening a new overdraft or credit card account.
Why should I open a new account?
If you miss a bank payment (whether it’s a loan, credit card or overdraft) and there is money in your account, the bank can instantly take payment or freeze your account.
By opening a new account, you can ensure essential payments come first – whether this is your mortgage, rent, bills or money for food.
What next?
Get professional debt advice from Clear Financial Solutions
Just contact us by either:
- Calling 0845 1120 570
- Filling in our contact form and we will call you back.
