Hi All, Hubby and I go BR on 9th Oct. Our only source of income is disability benefits. For 3 weeks after the BR date we get money paid into account and then from 1st of month all D/D start going out. I am taking money from an isa that my husband got from compensation years ago to pay for the BR as for both it will cost almost a grand. Do you think i should take out the rest of it( about 1500 ) to cover loss of benefits as i wont be able to change bank details quick enough so that i can then pay bills due on 1st of Nov.He does have another isa for 7K which is being left for the OR. Sorry for horrible question this sunny Sunday morning!
Forgot to say that we have offered to pay creditors with this money but they are too many and we owe to much to really have expected them to say yes, so receivibg negative letters did not suprise us.
It's sunny here too. Just right for a pub lunch whilst I watch my team give United what for!!!
If you explain your actions to the OR i'm sure he will be fine with it. However, if the use of the £1500 is to tide you over until the lost benefits are reimbursed he will expect you to pass that money to him on receipt.
It's difficult to get payments to creditors just prior to BR properly balanced. You're better off passing the funds to the OR and letting him deal with it.
Hi John, The 1500 was to pay rent, council tax and utility bills extra and it would be a little less than i would be getting from the benefits in the 3 weeks post BR. I have been advised not to open up a bank account till the day i go BR i have already spoken to co-op. no other bank will touch us cause they are all linked in some way to the credit card companys.
By the way i have a hubby and 2 boys and all are Chelsea fans! So guess i will take a stroll in the sunshine on my own this afternoon.
MONEY
Posted - 21 September 2008 : 10:22:07
