UK extends repayment period for emergency loans to Universal Credit claimants from 12 to 24 months.
The UK's Department for Work and Pensions has extended the repayment period for Budgeting Advances, tax-free loans for Universal Credit claimants, from 12 to 24 months. This change aims to ease financial pressure on those using the loans for emergencies like household repairs or work-related expenses. The new rule took effect on December 4, though those who took out a loan before this date must still repay within a year.
4 months ago
4 Articles
Further Reading
This is your last free story for the month. Don’t miss out — Subscribe now for unlimited access!