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GoingUnder wrote: »Why does the balance have to remain below £1000?
no idea!
think they sometimes just like to pick numbers out of thin air lol.Countdown to Discharge Is On!
BSC Member 346 :money:0 -
At a guess the OR has added up mortgage/rent and bills and decided that £1k is all that's needed in the account at any one time for reasonable living expenses... albeit that doesn't allow for wages going in once a month and pushing the balance over for a day or two until DDs go out...When I joined, I needed a name. The forum members gave one to me...I am INAN
"Fortunes ebb and flow and a boat must move with the tide and be thankful that it floats." Judith Allnatt0 -
Ineedaname wrote: »At a guess the OR has added up mortgage/rent and bills and decided that £1k is all that's needed in the account at any one time for reasonable living expenses... albeit that doesn't allow for wages going in once a month and pushing the balance over for a day or two until DDs go out...
im on benefits and there is no chance of me having a balance of anywhere near that!!Countdown to Discharge Is On!
BSC Member 346 :money:0 -
Could it have anything to do with the £1k cut off for value of assets? ie anything over this could be classed as an asset and therefore be taken as such by the trustee? I'm just guessing here as I've never heard of that before, and my salary bumps me slightly over this until I lift my rent money out each payday.
I don't see it doing any harm to wait til your new account is fully set up before ringing them. After all, if we could afford to lose a month's wages / benefits, would any of us gone BR in the first place?!Feb 2024:
CC1 6537.66
CC2 7804.45
CC3 4221.17
CC4 2053.68
CC5 989.30
Loan 1 3686.44
Loan 2 5275.22
Total £30,567.920
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