can i apply for a social fund while im on a DRO

ME24

hi hope someone can help im new to this!! I was given a DRO in aug 2011 can i apply for a social fund? Have i got to inform the IS before i accept an offer? Please can someone answer this for me.
Thanks

wba31

You can, however if the loan is more than £500 you have to inform the lender of the DRO.
My question would be do you need the loan? I'm not judging or telling you not to do this, it's entirely your decision, however I would say unless it's really needed for an emergency, I would encourage you to save whatever you can for what you need.

ME24

No its ok i totally understand where your coming from i have not had a answer back from them yet i just needed to know if i had to notify the IS. Thank you for anwering my question Happy Christmas!:santa2:

tankgirl1

Hi
Yes you can - I got a budgeting loan of over £500 when I moved house (was for carpeting) - IS were fine with it

tankgirl1

Doh! ETA - yes I had to inform IS that I was getting a social fund loan, and inform DWP that I was subject to a DRO.

ME24

Hi thanx do i have to inform both DWP and IS if loan is under £500!:)

debt_doctor

ME24 wrote: »

Hi thanx do i have to inform both DWP and IS if loan is under £500!:)

Neither. If the loan request is over £500 then you must inform the lender (DWP).

For a different reason the loan may give you a problem - if you hold a cash value asset of more than £300 during the moratoriun period then there is a possibility that the DRO could be revoked, as this is the 'other' asset limit.

Safest bet is to borrow less than £300.

DD

ME24

Hi DD,
I have been offered £320, do you think its best if i contact IS just to make sure its ok before i reply back to DWP? I do not want my DRO to be revoked because of this! Any replys will be really appreciated thanx.:)

ME24

Called IS today and they told me that whilst you are on a DRO you cannot have credit at all otherwise the DRO would be revoked, so just to let anyone know incase you were considering this glad i called now.:)