CT benefit and "deprivation of capital"

Kernel_Sanders

BigAunty wrote: »

it's okay to pay off a debt when it is legally due but not okay to use a lump sum to pay off a loan in advance of the schedule, such as paying off the mortgage before the term.

It's outrageous that you can spend redundancy on paying off a huge credit card balance of thousands spent on fags and living it up and get benefits + housing benefit while the person who has spent an identical sum reducing his/her mortgage gets neither. There again, that's what socialism in Britain is all about; favouring the fekless at the expense of the prudent.

oldboy64

BigAunty wrote: »

For example, it's okay to pay off a debt when it is legally due but not okay to use a lump sum to pay off a loan in advance of the schedule, such as paying off the mortgage before the term.

As stupid as it might sound, but I am aware of a family member that received some compensation (£67600) for injuries sustained and had to pay the mortgage repayments every month out of this settlement along with the normal expenses of life until the level of capital reduced to below £6000 before she could get her benefits back.

The sting was that the settlement would have easily paid off the mortgage (£58,000) with cash to spare! She was advised that if she did that then she would be treated as still having the capital!

As it is she still has a mortgage which the State is now helping to pay, she has little capital left now - under £1000 and is trying to exist of Welfare payments to live!!!

Beggars belief.

Pollycat

Just wondering why Kernel Sanders has bothered to resurrect a thread that's over 18 months old...... :cool:

HappyMJ

oldboy64 wrote: »

As stupid as it might sound, but I am aware of a family member that received some compensation (£67600) for injuries sustained and had to pay the mortgage repayments every month out of this settlement along with the normal expenses of life until the level of capital reduced to below £6000 before she could get her benefits back.

The sting was that the settlement would have easily paid off the mortgage (£58,000) with cash to spare! She was advised that if she did that then she would be treated as still having the capital!

As it is she still has a mortgage which the State is now helping to pay, she has little capital left now - under £1000 and is trying to exist of Welfare payments to live!!!

Beggars belief.

She could have cleared the mortgage and lived off the remaining £9,600. As there are no more mortgage repayments to make that amount of money at £71 a week could have lasted well over 2 years....at which point her deemed capital would have been below £16,000 (not £6,000) and she could have started to get some benefits. She would have saved loads in interest. Eventually her deemed capital would be below £6,000 and she would get full benefits.

Dunroamin

Pollycat wrote: »

Just wondering why Kernel Sanders has bothered to resurrect a thread that's over 18 months old...... :cool:

And which has Andy posting on it with at least two AEs!

fingledingle

Andy is a billy no mates he has no life outside of these forums,
he done Martin Lewis a big favour when he sold this site to Money Super Market, he doubled the value MSM thought look at all those members, little did they know half were Andy's his Alter Egos :rotfl:

SandraScarlett

Dunroamin wrote: »

And which has Andy posting on it with at least two AEs!

:rotfl::rotfl::rotfl::rotfl:I know, it's hilarious! I think he'll end up just arguing with himself.

xx

plum2002

can someone please tell me, who is Andy? and what are his AE's? I keep seeing references in threads and it's very confusing

Kernel_Sanders

Pollycat wrote: »

Just wondering why Kernel Sanders has bothered to resurrect a thread that's over 18 months old...... :cool:

I don't believe it's against the rules.
Shouting at other members is, though.

jacques_chirac

Kernel_Sanders wrote: »

I don't believe it's against the rules.
Shouting at other members is, though.

Dragging up such an old thread is pointless, if the OP's situation has not been solved by now your little rant was certainly not going to magically cure things.

I don't see any shouting?