Help please?

nervousninny

huh? made a joke -is there such a site????

33degrees

nervousninny wrote: »

I am almost not so concerned about the kids money as I kinda knew I messed up there and can use it in the meantime and owe it to them, but the actual debt, why can I not use my savings to clear that without being penalised?

You were told why in post number two!If, as an example, you owed £9k to a landlord and there were bailiffs at your door threatening to kick it in if you didn't cough-up in full, that would be okay. Conversely, let's say the £9k was owed to a credit card company who were content for you to pay back the minimum payment of £150 per month but you chose instead to repay them in full then the DWP boys would undoubtedly declare your actions as deliberate deprivation of capital.

whitewing

Not spam! I agree with talk it through with the CAB

33degrees

darlyd wrote: »

If it were me I would pay your debts asap as this is the last thing you need on your head when earning £0. And gift your kids the money and get them to put in ISA in their names. I cant see you doing anything wrong here. You could come back in a few months asking for help on your debts, as you have spent all your savings, And get comments such as you should of used your savings to pay off your debts. Surly you will get more than £67 a week? That is less than what the law states a couple needs to live on? I may be wrong though. ?

Anyone unwise enough to action your chronically bad advice/insight would run the very real risk of gripping the rail of the dock at their nearest County Court when they answer a charge of fraud.

nervousninny

Crikey- did I poke a bear/ keyboard warrior here? thanks to those with helpful attitudes, don't think I was being belligerent in any way and said that I would abide by proper regulations I just wanted to know the facts. Not intending to be on 'benefits' for any length of time anyway.

nannytone_2

if you use your savings to pay 'non priority' debts and then became eligable for extra means tested benefits, it would mean, in effect, that the tax payer is paying those debts for you.
you will be expected to use the savings to live off, rather than to service your debt.

Darlyd

33degrees wrote: »

Anyone unwise enough to action your chronically bad advice/insight would run the very real risk of gripping the rail of the dock at their nearest County Court when they answer a charge of fraud.

That ain't fraud. They not claiming nothing yet, and any judge would see that had to pay off their debts before they ended up in s hit street. It's their !!!!!!! money..

nannytone_2

darlyd wrote: »

That ain't fraud. They not claiming nothing yet, and any judge would see that had to pay off their debts before they ended up in s hit street. It's their !!!!!!! money..

it's only 'their' money if they pay thebts and don't immediately (withing 6monthsish) claim means tested benefit.
as i said before, this would equate to the tax payer clearing the debt for them.

no-oneknowsme

sunnyone wrote: »

spam, please report it!!!!!

You actually believed that was spam? :rotfl:

jetta_wales

Look for same proof of the transfere of money from your children's accounts and that should be acceptable as proof that it was set aside for them to allow you to then do so again.