Re: salary overpayment continued

On 4 Jun 2006 13:25:47 -0700,
Iceman <jason@xxxxxxxxxxxxxxxxxxxxxxxxx> wrote:

I can most honestly say this is not a windup and searched for a site
where I could get advice as to be honest this is a major worry.

And the words have been taken out of my mouth as of course I want to go
to a solicitor for legal help but how do I pay for that as well.

Many solicitors will give an initial consultation free. At the very
least they should be able to answer whether you can deduct their fees
from the amount you need to repay. You probably will have to pay their
fees fairly promptly, but assuming you are resigned to having to repay
this money and just want to make sure you only have to repay it at a
rate you can afford then I suspect the solicitors fees could be offset
against the first repayments - so if you got to repay it at 100GBP/month
for 60(80) months and the solicitors bill ended up at 200GBP then you
would repay nothing for two months and then make 58 payments of 100GBP.


There is also CAB.


Some advice for the future - I suspect your way of budgeting is to look
at your balance at the ATM and then just spend whatever it says. So at
the start of every month you are out partying every night (or buying a
new whatever) and then at the end of the month you are going overdrawn
when things like the council tax goes out. (remember that start of
month/end of month are really payday, not 1st of the month)

Even a basic budget would have pretty much prevented this. Look at those
bank statements. How much of your outgoing are on unavoidables and how
much is on non essentials. (If you use cash for lots of things then
start using your debit card for supermarket shopping and the like)

What you can even do is set up a second bank account for all your direct
debits. Then set up a standing order from the account your work pays
into into the new account for the amount of your standing orders and set
it up for say 4 days after your work pay goes in (add on say 5gbp so you
don't get caught out when the amounts change and you haven't yet
adjusted the amount). Maybe set up a standing order into a savings
account. Once you've got it set up right you can then use your account
as "beer" money. Once it's run out it's no more trips to the pub until
next payday. If you really need or want to do something you can lend the
money to yourself from your savings and then pay it back next month.


Tim.


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