Bankruptcy Order 13 June 2006
Discharge 10 January 2007
I am a Co-operative Bank customer. I had a bank review in August 2011. I have been banking with them since 2006. At the review I alerted the advisor that I had previously been made bankrupt, but that I couldn't recall the date right then and there. The advisor said that there was no Bankruptcy showing on my account. Upon his advice, the advisor applied for a current account and credit card during this review. Both applications were accepted and are now in use.
Their question: At the beginning of October I started my second year of a 3 yr part time MA. I intended to pay for the remainder of the course with a Professional and Career Development Loan. I came to this decision after the August Review because I had succeeded in gaining a current account and credit card - which suggested to me that I was able to pass credit checks now. Today I phoned the bank in regards to a few questions on the PCDL application form. One question asked how long I had been with the Co-op Bank. I gave the PCDL advisor my current account details. The advisor then told me that the Bankruptcy is still showing as 'a note on the system' and that I should not apply for a PCDL. I then went to the branch where my review took place to ask them what was going on. They advised that I should probably not have been given the new account and credit card, and that if they look into it further after today's phone call, I may be forced to close them in the future.
1. Am I allowed to apply for a Professional and Career Development Loan?
2. What is the risk of applying if I do not get it?
3. Can they close the current account and take away the credit card, even though I was advised by the bank to apply for them, and I passed the credit checks?
4. If I am not eligible for the PCDL what other loan/ course funding options do I have?