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CTC & WTC - How many claimants are genuinely going to struggle

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Comments

  • alamaya
    alamaya Posts: 419 Forumite
    Part of the Furniture Combo Breaker
    its something we have thought about but we are in negative equity. Not really sure how that works out with the debt remaining? x
    Baby Girl Born May 2011
    Baby Boy Born Nov 2012

  • bloolagoon
    bloolagoon Posts: 7,973 Forumite
    alamaya wrote: »
    its something we have thought about but we are in negative equity. Not really sure how that works out with the debt remaining? x

    I would think it makes you insolvent but that's not this thread. You need to look at whatever option suits you best but interest rates are due to rise and it may be bumpy.
    Tomorrow is the most important thing in life
  • SnooksNJ
    SnooksNJ Posts: 829 Forumite
    sxcizme3010 wrote: »
    Can you define what luxuries are?
    It's all relative depending on the person. For me a trip to Sweden would be a luxury. But I work full time so the closest I will get to Sweden is the IKEA in Croydon. For someone who works 12 hours a week topped off with taxpayer funded subsidies a trip to Sweden would be deemed a necessity.
  • sxcizme3010
    sxcizme3010 Posts: 265 Forumite
    Seventh Anniversary 100 Posts Combo Breaker
    SnooksNJ wrote: »
    It's all relative depending on the person. For me a trip to Sweden would be a luxury. But I work full time so the closest I will get to Sweden is the IKEA in Croydon. For someone who works 12 hours a week topped off with taxpayer funded subsidies a trip to Sweden would be deemed a necessity.

    I know - Awful isnt it :rotfl:
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