Young Couple with no income and small debt

ixworth

Penelope_Penguin wrote:

From what you say, your son's loan is with the same company as his current account (please correct me if this is wrong). The bank is completely within its rights to take the contractual payment, as soon as his benefit hits the account, and that's what they'll do.

His benefit won't be going anywhere near his current account. Their joint benefits will be paid into his partner's account (I wish they'd get married I'd love to refer to her as his wife or my daughter-in-law ). We're assuming that there's nothing wrong with this as long as he tells the receiver where his money is.

The bank amazed me by admitting that they'd happily take their benefit money and leave the couple and baby without any money at all to feed themselves. They got rather upset when informed that the benefit wouldn't be paid into the account and implied that other banks wouldn't offer them an account. Is this "basic bank account" you refer to something that was set up when the government changed the method by which benefits was paid out? Would it be better than using an existing account? I seem to remember something like this on the news.

I'm off the net now for the weekend and we'll all try not to let financial concerns blight our lives completely; they've got a beautiful (I'm biased) little girl who's learning to laugh and I'm going to do my best to encourage her this weekend.

Enjoy the break all of you!!!

Penelope_Penguin

Hi, Ixworth. Yes, the basic bank account was launched by the Government as they wanted all benefits to be paid into banks, rather than as Giros. These accounts have no credit facility, so are excellent for people during bankruptcy (as you're not allowed, by law, to have credit of more than £500, until you're discharged).

Strictly, when you're made bankrupt, all bank accounts are frozen. However, in practice, banks are allowing people to keep open their basic bank account, as long as they're informed that someone is going bankrupt (though I would still withdraw everything on my way to Court).

Sorry, got confused, thought they were expecting the baby!

Have a great weekend - you're all doing everything you can to sort this out, so try not to dwell on it.

Penny. x

skintas_2

water mine is £6 a week i pay on a card, instead of dd, if ur son is umeployed he wont have to pay rent or council tax. if going for interviews , go by public transport and get the dss to refund money. babies get free milk, powder over 1 get 7 free pints a week.food £300 way to much i have me , partner and 2 kids 4 and 6 i buy bogoffs and spend about £40 a week on everything in tesco. get a pay as u go mobile with free 300 texts and o2 doing free calls at weekends offer at mo to o2 phones and landlines

i have been on benefits it is hard, in about £3,000 debt at mo, slowly getting it down and living a bit. its me who gets into debt its my partner. he reckons as he doesnt see the dd, he used t think i was keeping the money for myself and spend all his wages. i threw him out,as this is emontional abuse and controlling. he is a lot better now. if he ever does it again hes out......... good luck

calleyw

Most suggestions have been made where to cut back.

And the possbilty of going bankrupt sounds good.

But with wanting to putting a downer on it even if he goes bankrupt and comes out with a "clean slate" they still need to get sorted out with a budget and living with their means. Because with out that as a couple they will back in the brown sticky stuff all over again.

All the best.


Yours


Calley