Work might cost me my home - can't stop worrying

Poppie68

Back in April i had to give up work due to ill health we lost a whooping £1100 per month, we have a mortgage, Band E council tax and 2 cars. Yes my husband is on a decent wage but we struggled even after planning for the ill health retirement for 6 months. It was a big adjustment but i found ways of cutting down on our expenditure and wished i had done it years ago.
You will get through it and learn to cut a few things out and in a few months hopefully wonder what all the worry was about...


Just a thought do you qualify for working tax credits?

bess1234_2

Hi post up your soa on the debt free board, and be slightly confident that you will not feel this out of control again. It can be done , and it does feel better, if less spendy !

marisco_2

CustardAndPickles wrote: »

I can't take the worry and uncertainty and I am starting to have worrying thoughts in my head.

I am very sorry to hear of the stress you are under and the level of anxiety and worry this is causing you. What a horrible time you are going through. The above really concerned me. Are there any family or friends nearby who could offer some much needed love and support to yourself and your partner? Please don't try to face all this alone and struggle on. Go back to your gp if you feel any worse. Another very good source of help at times like this are the Samaritans. I have known many people who have benefitted from talking to their fantastic trained advisors. Thinking of you and hoping you will be okay.

mountainofdebt

also you mention family -do you have children ....if so are you having tax credits? If so then don't forget to let them know about the fall in income so they can readjust your claim (presumably upwards)

**Patty**

mountainofdebt wrote: »

tbh I think, unless you're on a fantastic wage to start with everyone would find losing £1000 a year a drop that would be hard to swallow....even more so if you're all ready struggling.

The other thing that you may want to consider (especially with Christmas coming up) is to see if you can get a part-time second job in a pub or somewhere similar.

have you been told why you were selected for the move?

Really?

And yet odd that on this board people are consistently told when they lose tax credits that it's *tough* and you should have *known it was coming*

How ironic.

mountainofdebt

**Patty** wrote: »

Really?

And yet odd that on this board people are consistently told when they lose tax credits that it's *tough* and you should have *known it was coming*

How ironic.

What's ironic about it ?

There are certain benefits that you know have a limited lifespan (child benefit for example) so yes you know that day is coming however much you stick your head in the sand.

Being told you're losing £90 per month without warning - as in the OP's case - is a totally different kettle of fish.

rachhh

Like someone else suggested, try getting a part time job?
I work a full time job in the week, but at weekends I do a 6 hour shift at a bar in town, bringing in an extra £40 or so a week not including tips. Definitely worth a shot if you think it's the difference between your usual life and bankruptcy.

Amanda65

OP what industry do you work in? I work for an occupational benevolent fund and there are hundreds out there for all manner of employment types.
If there is one for your job / employer they may be able to offer some help and / or advice.

pearl123

Budgeting could save you £90.00 a month. Most people spend too much anyway on stuff that really is not that essential. Subscriptions etc. Also part time work would be a good idea if you could fit it in.

Voyager2002

The loss of a thousand a year or so is painful, but not a disaster...

Assuming that you were managing financially up to now, then this blow could mean that in a year's time you would be a thousand pounds in debt. That is bad, but no-one can be made bankrupt for debts that small. And if all of the debt were on your house (I hope it won't be, since the best advice is to keep paying your priority bills, including housing) then your mortgage lender might take you to court, but it is highly unlikely that the judge would allow repossession for this amount.

All in all, while you are right to be this concerned there is no need for the level of worry that you are suffering.