We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Budgeting loans

Hi, i was wondering how do the DWP figure out how much they can lend you?

Thanks
Is a Bipolar bear :p

Comments

  • I heard they will only lend you £350 if you're single.
  • Is there nowhere with actual figures? for how much you can apply for when you are single, couple, with child etc?
    Is a Bipolar bear :p
  • viktory
    viktory Posts: 7,635 Forumite
    edited 19 January 2011 at 1:43PM
    The maximum amount for a single person is £348, for a couple £464 and for a family £812. The total social fund debt you can have is £1,500. This includes other social fund debt such as crisis loans.
  • Jowo_2
    Jowo_2 Posts: 8,308 Forumite
    viktory wrote: »
    ... The total social fund debt you can have is £15000. This includes other social fund debt such as crisis loans.

    15k or 1.5k?!
  • Jowo wrote: »
    15k or 1.5k?!

    £1,500 typo there :rotfl:
    Credit Card: £796 Left/£900 October 2011 :eek:
    Store Card: £100 October 2011 :o
    Declutter 100 Things In January 100/100:j:beer:
    No Buying Toiletries 2012
  • viktory
    viktory Posts: 7,635 Forumite
    £1,500 typo there :rotfl:

    Ooops! Amended now.
  • stassy23
    stassy23 Posts: 404 Forumite
    when i applied for a budgetin loan last year we were allowed up 800 pound that was for a family of 5
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.5K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.5K Spending & Discounts
  • 245.5K Work, Benefits & Business
  • 601.4K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.