It’s estimated that one million people in the UK are missing out on an average of £50 a week by not claiming the tax credits they’re entitled to. This is by no means small change. This is especially true if they’re struggling with debt problems.
Due to recent government changes, once Universal Credit gets rolled out to your local Jobcentre Plus, you’ll no longer be able to start claiming tax credits.
As of April 2016, the amount that you can claim in Universal Credit is less than the equivalent claim in tax credits. Therefore, it’s important for you to start claiming tax credits before your Jobcentre Plus moves to Universal Credit.
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posted by James in Budgeting
This article contains information about debt solutions available in England, Wales and Northern Ireland. Debt advice in Scotland involves similar but different solutions. If you are considering or have been recommended an IVA as a debt solution, please make sure you fully understand the risks involved when entering into an IVA.
Can I miss payments?
When you sign up to an IVA you’re signing to say that you’ll stick to the payments outlined in your proposal.
This will usually mean making five or six years of instalments every single month.
But what happens if that becomes a struggle? Continue reading »