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Fantoma_2010

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  1. Good point Hessey, yes the other account is with another bank & that is where the payment is going as I want some control over how I distribute it. I suppose lovely little creatures is probably a pc term to use, they have you every which way & I'm being hammered in charges.
  2. All good info & replies, thats the whole point in posting on this site. Hessey50 I did look at selling it on but it cannot be sold (nobody wants to buy it) because it is unit linked also a good point about the bank moving goal posts. I do have another account which I may use to pay it into to avoid it being swallowed up & further problems with bank reducing overdraft etc but, I'm not sure if they know about this account. I think they should know because I have been transparent with them from the outset, if they asked for info on all bank accounts at the point of making the claim then I would have told them but the doubt in my mind is that I dont remember this issue. However I will be declaring it as I dont believe I am doing anything wrong, it's below the threshold anyway & I'm having to surrender it early to pay off debts, after reading many of the other horror stories on here I dont wnat to give them any excuse. Will keep you posted.
  3. Thanks for your post Nysatgmite. Am I right in in thinking that I still have to notify them of "change in my circumstances" otherwise they will view it as dishonest.
  4. My situation is this; I am claiming Job Seekers Allowance (Income Based) & Housing Benefit (Council Tax only as I no longer have a mortgage), I have some credit card debts which have been frozen etc, now I also have 6k overdraft at its limit. Obviously I have no savings & I am broke. I am considering surrendering an Endowment policy which will give me just over 3k now. I am doing this as a way of trying to reduce my overdraft so that, I don’t keep exceeding the limit which leaves bills unpaid (basically I’m living on my overdraft), also I don’t want to appear to be dishonest with the DWP and get into any bother with them as they say “you must tell us if there is any change in your circumstances”, the way they see things is black or white and the system cannot handle anything that is slightly unusual. My point is, if I tell them that I am going to get this money (just over 3k) outlining the source of it and that it is going to be swallowed up by debt, how is that going to affect my job seekers allowance & benefit, my guess is that they will stop my benefit and I will probably have many forms to fill in etc be signed off and have to start all over again when the so called windfall has been used. If I don’t tell them and later down the line they find out it will be viewed as fraud because I didn’t tell them (am I right?). Sorry if it seems long winded but I don’t want to ask them at the Job Centre as I don’t trust them and they probably wont have a clue how to deal with this because the guidelines & questions they use will view this as too complex. Any help will be greatly appreciated.
  5. My first post so please don't laugh if I've done it wrong.. Have a look at this website [edit], there is a lot of good info. Good luck.
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