HeavyHeart, EmptyPurse

Stupidspender_2

lynzpower, Surly the 140k took longer than 9months to build up?also your info on the benefits are not correct!

Existing mortgage borrowers (pre October 1995)receive nothing for the first two months, 50% for the next four months and then full benefit for mortgages of up to £100,000.

Also many benefits are not means tested, for example Disability Living Allowance can still be claimed if working and you can be a millionaire and still receive it legally.

Also another benefit that could have been claimed if no sickpay was available from your employer would be Incapacity Benefit.

lynzpower

all_hours wrote:

Thanks for explaining the HB for mortgages. I've only had it for rented accomodation. What would people be expected to do for the first 9 months, just run up the arrears and wouldn't a mortgage lender repossess before then?

Pretty much, yes.

Catseyez

Am I the only one who has seen the connection here?

After 284 posts of support for HH, Vegaskitty suddenly appears with his/her/its damning remarks. Then, lo and behold, five posts later, somebody else joins in! Interesting, how stupidspender only joined the site today and has only ever posted in this thread.

It also strikes me just how similar the syntax and language choice is between the two. Both even chose a smilar opening for their first posts on here.

Oh...and has anyone else noticed how they never post at exactly the same time? But when they do post, there is always a similar time gap between each one?
Smacks of the same person to me.

Just my two pence worth...of course I might be wrong.

Stupidspender_2

Allhours, provention rather than repair i would advise.
1, emergancy fund
2, income/mortgage protection
3 critical illness protection
Some will say whow can i afford that? i would say how can you afford not to have them?

---

Catseyes said "Oh..and both their nicks include place names. Smacks of the same person to me." (she has know edited this out of her post surprise surprise)


Your deluding yourself catseyes, however i will not get personal with you so good luck in whatever you think.
But i will say one thing where in the world is stupid? lol

lynzpower

Catzeyes, that did occur to me.

"those forum people, are all nutters" Lynzpowers OH, 2006.

Catseyez

Stupidspender wrote:

Allhours, provention rather than repair i would advise.
1, emergancy fund
2, income/mortgage protection
3 critical illness protection
Some will say whow can i afford that? i would say how can you afford not to have them?

p.s your deluding yourself catseyes, however i will not get personal with you so good luck in whatever you think.
But i will say one thing where in the world is stupid? lol

Vegaskitty...I'm not the deluded one around here...can you remind me why you're on this board?

Stupidspender_2

Whatever,can we stick to the topic of debt and debt repayment please i have offered idea's on solutions and info on the real Benefits available and also offered prevention tactics.
I would appreciate posts along those lines if we want to move the thread forward. I am 100% sure that the moderators knows that i am not kitty so that good enough for me.

jesster_2

all_hours wrote:

jesster even if they have no debt when the unforseen happens? We live in a welfare state if someone loses a job or is ill or injured, they can claim benefits to cover their basic living expenses. They can get HB to cover the interest on the mortgage for 9? months. I realise it can take a few months to make the necessary lifestyle changes to manage on a lower income, this would leave most people with a very small amount of debt.

Without wanting to sidetrack from the purpose of the original post.. Yes. It is possible to end up in debt for unforeseen reasons.

The people I mentioned whose roof fell in ended up 10 grand in debt because of a simple mistake in taking out the insurance. Without wanting to bore you with the details of their ongoing dispute with the insurance company over who was responsible for that mistake, they had to get a bank loan to cover it because the house was uninhabitable.

I've also spoken to countless other people who were dropped quite royally in it by their partners (mostly now ex-partners!) who haven't been honest with them about their spending or debt problems, which have then had a hefty impact on the individual concerned one way or another through their shared financial liabilities.

Like I say, the vast majority of people can be considered wholly, undeniably responsible for their own debts. And the vast majority of people here are taking that responsibility and trying to do something about it. It doesn't mean that when they get to the point of trying to sort it out they shouldn't be offered advice and support. Leaving them to stew benefits no one but the creditors.

jesster_2

I just hope that if she ever comes back, HH isn't thoroughly put off by this debating! Let's be positive and get back to the proper topic of the thread.

Stupidspender_2

I agree jester that what you said can and does happen, and all the cover in the world can sometimes be not enough.
However IN MOST case having adequate cover in place like an emergency fund, savings, insurance can and does stop emergency occurrences ruining peoples lives.
This I feel is a major part of debt prevention, adequate cover in place is a major step to avoiding debt.