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Tax credits overpayment

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Izzy1479
Izzy1479 Posts: 2 Newbie
Sixth Anniversary Combo Breaker
edited 11 February 2024 at 6:49PM in Bankruptcy & living with it
Hi , I’ve just received a letter saying I owe overpayment on tax credits I don’t receive tax credits anymore. Would I be allowed to pay some each month does anyone know ? Can’t afford it in one go 

Comments

  • Yes - they were really helpful when we spoke to them. They asked how much we could afford to pay back per month and set up a monthly plan (this was in November).
  • Yes definitely - mine is going to take 10 years to pay back at the rate I can afford. They didn't bat an eyelid. 
    User name should now read NowWhereIWantToBe  

    Amount overpaid so far £8298 (2022)

    Overpayment ready to add to funds when fixed deal runs out July 2027 £23968


    Mortgage end date when taken out : July 2050
    Mortgage current end date : January 2047

    MFW #83 Overpayments for 2025
    Jan £304 Feb £346 Mar £298 April £344 May £214 June £200 July £200

    Daily interest £3.37
    Percentage owned 48.5%
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