See this article where Martin Lewis accuses some companies of acting almost fraudulently regarding loans backed by PPI.
It’s the 5-week wait issue again. the DWP are facing pressure to turn the loan issued to claimants to tide them over into a grant. See the full story here.
See this article for the full story.
The DWP are considering extending the period Universal Credit recipients have to repay debts caused by the infamous 5 week gap to greater than the present 16 months. See the full story here.
Subject to strict rules for eligibility and repayments, you could get a loan from the DWP to help with budgeting. See this article for the full story.
Read this article by financial guru Martin Lewis regarding reclaiming money on mis-sold Payday Loans.
If you’re being migrated to Universal Credit, this article describes how you may be eligible for a top-up payment.
Nowadays instant credit is easy to get, either online or in stores. We all know how easy it is to make those impulse purchases. But beware, you have to repay what is essentially a loan, and the interest rates are normally very high. See this tale of woe. And remember, City of Plymouth Credit Union’s loans are low interest, you’re much better off borrowing from us. But above all, beware of impulse instant purchases!
Loans that you get from the DWP have to be repaid, so just because you’ve got money in your bank account, you can’t just go and spend it. Read this cautionary tale and don’t make the same mistake!