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Is there any help?
Strokeofgenius
Posts: 2 Newbie
Hi, I believe I read somewhere about there being a way of claiming back interest paid on loans or credit cards if you were disabled but I'm not sure if it was relevant in this country or if it applied to elsewhere. Can anyone help?
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Comments
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No, sorry, I believe you are mistaken.
If you borrowed on loans or credit cards, interest is not repayable to anyone, disabled or not.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Why would that apply? Jeebs - common sense people.0
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According to the gov.uk website
If you’re a homeowner getting certain income related benefits you might be able to get help towards interest payments on:- your mortgage
- loans you’ve taken out for certain repairs and improvements to your home
This includes income related ESA for the ill or disabled
Other help listed here:
https://www.gov.uk/financial-help-disabled/overview0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p10 -
The intent is to remove SMI, and replace with loans.
Even for the disabled.0 -
According to MSE : It's been announced that from 1 April 2016 the waiting period for the scheme will rise to 39 weeks, from its current 13 weeks.
Plus, from April 2018, any new Support for Mortgage Interest claims will be paid as a loan rather than a benefit
http://www.moneysavingexpert.com/mortgages/mortgage-arrears-help0% credit card £1360 & 0% Car Loan £7500 ~ paid in full JAN 2020 = NOW DEBT FREE 🤗
House sale OCT 2022 = NOW MORTGAGE FREE 🤗
House purchase completed FEB 2023 🥳🍾 Left work. 🤗
Retired at 55 & now living off the equity £10k a year (until pensions start at 60 & 67).
Previous Savings diary https://forums.moneysavingexpert.com/discussion/5597938/get-a-grip/p1
Living off savings diary
https://forums.moneysavingexpert.com/discussion/6429003/escape-to-the-country-living-off-savings/p10
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