Universal Credit claimants could get emergency £1k loan in time for Christmas

With Christmas creeping up around the corner, the season could bring a lot of financial worries for many families.

But Universal Credit claimants could ease their money fears with interest-free loans of up to £1,000.

The loan can be accessed by those who need more cash due to a sudden change in circumstances, like having a baby.

It comes as claimants are facing a tougher time after the temporary uplift during lockdown was stopped in October.

Those making a claim for Universal Credit face a five-week wait for money which could leave many struggling.

Now an advance payment is currently being offered which allows claimants to borrow money then pay it back in instalments.

The loans are interest-free and the amount claimants can get depends on how much Universal Credit they're entitled to.

Borrowing money should be with claimants within three days of making a claim and it should last for five weeks.

Those who want to make a claim should apply through JobCentre 0800 328 5644.

Applications made because of a change in circumstance should be sorted through the phone.

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Also those hoping to claim should explain their reasons for needing the loan and the payment won't come automatically.

They will need to prove that they can pay back the cash and agree a rate at which the loan will be repaid.

Applicants should contact their work coach or check online for further assistance.

It comes after Martin Lewis says millions of Universal Credit claimants can receive a £1,200 bonus.

Help to Save accounts, which were launched by the government in 2018, are there to help those on low incomes.

For each £1 you save into the account, the government will give you 50p on top.

So if you save the maximum amount each year, you could bag a bonus of £1,200.

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