swinging from the gallows pole

headoutofsand

Hi folks. Hope you are all well.

You may or may not remember me
http://forums.moneysavingexpert.com/showthread.html?t=1307501

However it matters not alot.

I have sold the car December put the cheque into the overdraft. £3000

I did join the AA driving school which as I thought is a waste of time.

I have now booked a date with destiny for March 2.

I now need a little help if poss, I will explain>

I am still using the OD to live off, using my Business credit card to pay for food and whatever. This cards balance is collected in full every month from the Business account( which is OD)
The business loan, AA franchise, electric and almost everything else is taken by DD from the business OD account.

I was thinking of taking out all the money from the account ie max the OD to pay for the deed on March 2. I would also need cash to live off.

The question or shall I say one of them is> When should I cancel the DD's, bearing in mind that this will look might suspicious to the bank in particular the canceling of the business loan?

I will have to sign on but they will take alot of time giving me anything if at all. I will put in for HB, but I don't know where I stand with the DHSS.

Considering I have sold my only asset, appart from my worthless Nova and have spent the money on grocerie sand buying into the AA,
do you think there is a good chance of a hanging notice being served by the OR?
Regards Hoos.

DON79

Hi headoutofsand

you can withdraw all available cash as you will need money to cover living expenses etc and this is what you say to the OR if he/she queries why it was done. not too sure when you should cancel the dd's, I would just say to cancel them when you know that you cannot afford to have them come out of the account. can you not cancel them online? Or do you have to go into the bank to do it?

can you check www.entitledto.co.uk to see if it will give you an idea of what benefits you will be able to claim?

I really don't think you will get hanged by the OR, you have used the money to survive and also to try give yourself a job which means income each month. As long as you did not sell the car for less than it's true value, then you are unlikely to get into any troubles.

Hope it all goes well for you on the 2nd March.

BTW my first car was a Nova, it had it's faults but it was a good runaround, I loved it really. I had the lovely Saloon version in a fabulous Pea Green colour! :rolleyes:

Donna

philnicandamy

wouldnt worry too much...the receiver has probably seen far far worse

Phil

(good luck on the 2nd....not long to go)

headoutofsand

Hi folks and thanks I have started a more detailed account here on Fiveyearplans advicehttp://forums.moneysavingexpert.com/showthread.html?t=1475659

I was worrying a little as nobody had replied.