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Pension Credit, will selling personal items to repay debt affect my entitlement ?

Lavender24
Lavender24 Posts: 6 Forumite
Part of the Furniture First Post Combo Breaker
edited 27 April 2023 at 10:46PM in Benefits & tax credits
Thanks to MSE I have recently applied for and started receiving Pension Credit. I'm 76 and not realising I was entitled to PC I struggled financially for some years on a very low income, as a result I now have credit card debt. Can anyone tell me if selling my personal possessions (at my age I have collected quite a few !), will affect my entitlement to PC. I'm talking about my good , now vintage clothes, jewellery and glass collection. Without selling these I have no hope of paying off my debts as my disposable income is zero in our present cost of living crisis and the interest rate on my debt is so high. Just to add I have no other assets.
Many thanks in advance for your thoughts and any advice.

Comments

  • peb
    peb Posts: 2,106 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    May I suggest you post on the debt free wannabe part of the site for help with the debts?
  • Lavender   Before you start selling anything get yourself over to the Debt Free Wanabe board.

    Debt-free wannabe — MoneySavingExpert Forum

    It's possible there could be a good solution to your debts
    If you go down to the woods today you better not go alone.
  • Spoonie_Turtle
    Spoonie_Turtle Posts: 11,040 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    If after heading over to DFW you still feel you need to sell some items, it won't affect your PC.

    (Technically if it took your capital over £10,000 it would start to, but doubtful that would happen in your situation.)
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