Quick Q - BR Forms

DozyDora

Hi all,

Sorry, just have a quick question on how to put something on the forms. My travel too and from work every month cost £351, this is bought annually via a travel loan from my company and paid back monthly straight from my wages. This would cost more if I were to pay for it monthly, £370 (ish) and they don't charge interest. How do I report this as I definately don't want to highlight my employer as a creditor but it appears on my wage slip as a Travel Loan. Do I just mention my travel costs on the form and explain to the OR if he/she asks...

Thank you for you help

Take Care

DozyDora xx

Richard_S

DozyDora wrote: »

Hi all,

Sorry, just have a quick question on how to put something on the forms. My travel too and from work every month cost £351, this is bought annually via a travel loan from my company and paid back monthly straight from my wages. This would cost more if I were to pay for it monthly, £370 (ish) and they don't charge interest. How do I report this as I definately don't want to highlight my employer as a creditor but it appears on my wage slip as a Travel Loan. Do I just mention my travel costs on the form and explain to the OR if he/she asks...

Thank you for you help

Take Care

DozyDora xx

Hi Dora,

You've only got a couple of options here:

1. explain the situation to the O.R and see what the outcome is;

2. put the amount you pay for the loan as being your travel expenditure.

If you go for the second option you can always argue that it was a genuine mistake and you didn't see it as being a loan but more of a way of securing a discount for your travel to work costs.

"Surely that benefits my estate if I'm reducing costs so I thought it was o.k"?;)

Regards

Richard

fermi

Hi DozyDora.

Reading through this recent thread on another forum regarding the status of these 'travel loans' in the OR's eyes might also help.

http://www.debtquestions.co.uk/debt_forum/viewtopic.php?t=20436

Looks best just to explain it clearly on the BR forms and all should be OK.

DozyDora

Thank you to both Richard and Fermi on this :T it is one less thing for me to ponder over when tackling these forms.

Thanks again guys

Take Care

DozyDora xx