Physical savings

masonic

QrizB said:

masonic said:

Oh, so "non-tracked" savings is for the purposes of benefit fraud? I was a bit slow on the uptake with that one too.

This was also mentioned a couple of days ago but those posts were deleted from this thread, it seems.

From OPs other threads it seems they're not currently working, have £25k In the bank (from loans they don't now need) and want to claim UC.

Thanks, well that's very useful context. I don't know why those posts would be targeted while leaving the rest of the thread up.

Seems likely if the OP informed the lenders about the change of circumstances, then they'd probably want them repaid early, avoiding the need to conceal any money held in the bank. Especially given one of the loans is at 9%. I don't think borrowing at a high rate to invest in gold coins, jewellery, stamps, or lego, is a good idea.

Having reviewed a couple of the other threads now, I can see one very insightful reply that probably explains what is going on.