DWP shares major update on one-off £815 Universal Credit loan before Christmas
- Budgeting Advances are interest-free loans for significant one-off costs.
- The maximum listed is £812 for claimants with children.
- Repayments come from future benefit payments, usually over 24 months.
The Department for Work and Pensions says some people receiving Universal Credit may qualify for an interest-free Budgeting Advance to help with a significant one-off cost. The support could help cover items such as furniture, clothing or home repairs ahead of Christmas, but it is a loan that…