advice re tax credits & statement of affairs to creditors

loobyloo1980

advice needed please.

I have just started receiving tax credit payments again today with it being the new tax year and all that. For the past few weeks I didn't get any to sort some overpayment out I didn't alter my budget in any way.

BUT my new tax credit amount for CTC has gone down by nearly £30 a week based on an estimated income. The actual income will rise again on finalising so CTC will go down further from this.

Predicament is what to tell creditors. You see, all the debt packs say not to include overtime that is not guaranteed or regular, and although hubby-to-be gets overtime it is neither of those. He can go weeks without overtime, then get 3 weeks in a row, followed by another dry spell. But because TC take into account the entire annual income and not just basic etc it still diminishes our award.

So although basic wage stays same for creditors, TC will be coming down, which means monthly repayments will come down too.

So, should I tell them now, or wait until the award is finalised???

Plus, should I tell TC that I expect income to be less this tax year until it looks as though overtime will tip the scales again, thus not being skint on the flat weeks??? Only reason I ask is because basic is £16,500 but total for 2004/2005 came to £19000. BUT there are no guarantees at all that he will earn as much this year.