I owe Inland Revenue Tax credit overpayment?

Question

I pay them back £50 month.

But I'm struggling at the moment. I have more going out than I have coming in per month and Its all stuff that goes out regularly and I cant cut back on anything.

If i call them and tell them what will they do to help me?

Answer 1

Have a word with them and explain your predicament, they can probably reduce the repayments and stretch them over a longer period of time. Remember they are a Government department and the Government is oh so concerned about how tough we are all finding the current economic conditions.

Answer 2

Don't know  but ask  /   Can ask all your  regular outgoings if anything can be eased at all.

Answer 3

they will reduce the payments. they cannot take payment that force you and your children into debt.

Answer 4

phone them,they can't leave you without enough to live on.they will reduce it for you.

Answer 5

Telephone the Tax Credits overpayments helpline on 0845 302 1429 rather than the main telephone number.  They can do an income/expenditure checklist with you and see how much you can afford to repay back every month.  You can also arrange to pay the overpayment back over a longer period of time.

Hope this helps

Answer 6

suga,

There's a good article at eHow on steps to take to begin tackling your debt.  It's written from the US, but a lot ofr the tips are just as applicable in the UK.  Take a look at it:

http://www.ehow.com/how_2326032_avoid-es...

How to Stop Escalating Debt

You can also look here for tips on earning some extra cash online:

http://www.ehow.com/how_2254361_money-in...

How to make money on the internet, scam-free

Hope it helps.