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!
How can I reduce high social fund repayments?
Comments
-
You need to ask for your loan/s to be rescheduled. This involves you either ringing the social fund enquiry line and requesting to speak to someone in the correct department or filling in a rescheduling request form and sending this in.
The rescheduling team will then look at the information you have provided and determine if they can lower your repayments. This may take a few weeks and in the mean time your deductions will continue at their current rate.
The reason your repayments have gone up is that when you first accepted the terms of the loan it had a higher repayment rate attached to it than the previous loan.
Hope that helps0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards