Main site > MoneySavingExpert.com Forums > Essential Money > Loans > Can I Get a Small Loan if I'm on DLA? (Page 1)

IMPORTANT! This is MoneySavingExpert's open forum - anyone can post

Please exercise caution & report any spam, illegal, offensive, racist, libellous post to forumteam@moneysavingexpert.com

  • Be nice to all MoneySavers
  • All the best tips go in the MoneySavingExpert weekly email

    Plus all the new guides, deals & loopholes

  • No spam/referral links
or Login with Facebook
Can I Get a Small Loan if I'm on DLA?
Closed Thread
Views: 19,033
Thread Tools Search this Thread Display Modes
# 1
Elric
Old 22-11-2007, 1:07 PM
MoneySaving Convert
 
Join Date: Jan 2007
Posts: 39
Default Can I Get a Small Loan if I'm on DLA?

Hi

Me and the wife receive a total of 22,798 in benefits, which is comparable with an average UK wage.

I wondered if anyone knew of any companies who lend money to people on benefits, the ones I've checked out require you to be working.

I'm looking for a loan of 500-1000. The benefits we receive include: DLA, Carers, IS, Child Tax, Child Benefit, Housing Benefit.

You help is appreciated.
Elric is offline
Report Post
# 2
2ndBounce
Old 22-11-2007, 5:54 PM
MoneySaving Newbie
 
Join Date: Nov 2007
Posts: 3
Default 15 mins apparently!

Lombard Direct loan to those on DLA - says so in their T & Cs:

http://loans.lombard-direct-services...n-information/
2ndBounce is offline
Report Post
# 3
plattinum
Old 22-11-2007, 6:03 PM
MoneySaving Convert
 
Join Date: Oct 2006
Location: manchester
Posts: 110
Default

If your receiving benefits, you should try the social fund for a loan. You pay back a pre arranged ammount each week and it's intrest free, worth calling up for a form.
plattinum is offline
Report Post
# 4
colin13
Old 10-03-2008, 8:44 AM
Serious MoneySaving Fan
 
Join Date: Mar 2008
Location: lanarkshire
Posts: 914
Default

DLA is consisdered a garanteed income so a lot of companies will give u a loan based on this but as advice further up said get a loan from the social fund intrest free and they just take it from ur benefits at a pree arranged amount,,IMO this is the better way to go
colin13 is offline
Report Post
# 5
worried jim
Old 09-03-2009, 6:07 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Nov 2008
Posts: 5,955
Default

yes. just go to a bank and apply for one.
worried jim is offline
Report Post
# 6
epsilondraconis
Old 09-03-2009, 6:24 PM
Serious MoneySaving Fan
 
Join Date: Feb 2008
Posts: 1,751
Default

Elric, check out http://www.entitledto.co.uk/.

Last edited by epsilondraconis; 09-03-2009 at 11:04 PM.
epsilondraconis is offline
Report Post
# 7
I know my ABC and my CMYK
Old 10-03-2009, 2:33 AM
Serious MoneySaving Fan
 
Join Date: Dec 2007
Posts: 1,288
Default

Quote:
Originally Posted by Elric View Post
Hi

Me and the wife receive a total of 22,798 in benefits, which is comparable with an average UK wage.

I wondered if anyone knew of any companies who lend money to people on benefits, the ones I've checked out require you to be working.

I'm looking for a loan of 500-1000. The benefits we receive include: DLA, Carers, IS, Child Tax, Child Benefit, Housing Benefit.

You help is appreciated.
Yes, you will be able to get a loan but before you do consider whether or not you really need it. 22k sounds a lot but split down monthly can you afford to pay back a loan?
I know my ABC and my CMYK is offline
Report Post
# 8
4littleone
Old 10-03-2009, 10:35 AM
MoneySaving Convert
 
Join Date: Nov 2007
Posts: 188
Default

Have you considered a credit union? Much better option than a commercial type loan if you are just looking for a small loan and have a low income.

There is a very good article on here about them, i am rubbish at links but if you do a search under credit union it will come up.

By the way, 22k in benefitsis not high, you have to consider that the family are receiving Disability Living Allowance. The costs of being disabled are massive and even DLA will not cover all of a disabled persons needs. For example, respite care is hugely expensive, as is equipment such as lifting hoists for help with bathing, getting out of bed and so on.
Some familes will have to have a car because of mobility issues, it all adds up. In real terms, a family who is receiving 22k a yr in benefits because one or more in that family are disabled will actually be living on a very small amount of money.
Total debt at LB Moment (Nov 2007) = 6583 4649 20.03.09
5060 Black horse Loan - 4114 as of 20.03.09
940 o/d with hsbc - -535 as of 20.03.09
4littleone is offline
Report Post
The Following User Says Thank You to 4littleone For This Useful Post: Show me >>
# 9
just married
Old 01-09-2009, 4:32 PM
MoneySaving Newbie
 
Join Date: Sep 2009
Posts: 1
Default

I'm not sure if people are aware that if your on DLA, you still have to pay rent, Council tax and you get No Help with your fee's like Dr's Dentis or glasses. Everyone i know thats on Job seekers, get all that paid and could work, just they dont want to work, but i want to work but can't due to my illnesses. I too cant get a loan even if i want to due to some banks changing there policy to N DLA got to be in Full time work.

Quote:
Originally Posted by Elric View Post
Hi

Me and the wife receive a total of 22,798 in benefits, which is comparable with an average UK wage.

I wondered if anyone knew of any companies who lend money to people on benefits, the ones I've checked out require you to be working.

I'm looking for a loan of 500-1000. The benefits we receive include: DLA, Carers, IS, Child Tax, Child Benefit, Housing Benefit.

You help is appreciated.
just married is offline
Report Post
Closed Thread

Bookmarks
 
 




Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

 Forum Jump  

Contact Us - MoneySavingExpert.com - Archive - Privacy Statement - Top

Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.

All times are GMT +1. The time now is 12:13 AM.

 Forum Jump  

Free MoneySaving Email

Top deals: Week of 22 October 2014

Get all this & more in MoneySavingExpert's weekly email full of guides, vouchers and Deals

GET THIS FREE WEEKLY EMAIL Full of deals, guides & it's spam free

Latest News & Blogs

Martin's Twitter Feed

profile

Cheap Travel Money

Find the best online rate for holiday cash with MSE's TravelMoneyMax.

Find the best online rate for your holiday cash with MoneySavingExpert's TravelMoneyMax.

TuneChecker Top Albums

  • ED SHEERANX (DELUXE EDITION)
  • ELLA HENDERSONCHAPTER ONE (DELUXE VERSION)
  • STATUS QUOAQUOSTIC (STRIPPED BARE)

MSE's Twitter Feed

profile
Always remember anyone can post on the MSE forums, so it can be very different from our opinion.
We use Skimlinks and other affiliated links in some of our boards, for some of our users.