Paying off budgeting advance loan early so can I apply for another one immediately?

ninja687

I'm not sure which category my question falls under but would appreciate some help.

I am wondering if its possible to to pay my universal credit budgeting advance in full early and if so, how long do I need to wait before I can apply for another one? Is it possible to get another budgeting advance loan immediately or is there a cooling off period?

Would appreciate some advice.

Thanks

ninja687

Just to add

I took out a £100 advance and only have £25 left to pay. I'm in urgent need of funds and want to know if anyone else was successful in getting a second loan straight after paying the first one off?

ninja687

Any advice would be much appreciated.

MovingForwards

Ask on the benefits board as you will get advice their, this board is for regular loans from banks etc.

DCFC79

ninja687 wrote: »

Any advice would be much appreciated.

Posting at nearly 3am you will find its pretty much a ghost town round here for some reason.

MallyGirl

I will move this to benefits

poppy12345

You can pay the existing budgeting advance early but you won't be able to apply for another until it shows on the system that you've paid the previous one off. I have no idea how long that will take.

DCFC79

Any news OP ?

tomtom256

Just because you pay one off, doe not automatically make you elgible for another one.

Normally it's every 6 months.

Grey's_Anatomyfan643

tomtom256 wrote: »

Just because you pay one off, doe not automatically make you elgible for another one.

Normally it's every 6 months.

You are wrong, it's not every 6 months at all, where did you get that information from? every people who paid they advance off can apply for another one as long as the person meets the criteria again and not earn a lot in wages and some people can get another one on the same day as when the advance payment has been repaid.

If you don't believe me, check on Facebook groups like - Universal Credit help from The Sun - Universal Credit Essentials - UNIVERSAL CREDIT SURVIVAL!

I think you need to do research first before you make any comments and misleading people.

poppy12345

Grey's_Anatomyfan643 wrote: »

You are wrong, it's not every 6 months at all, where did you get that information from? every people who paid they advance off can apply for another one as long as the person meets the criteria again and not earn a lot in wages and some people can get another one on the same day as when the advance payment has been repaid.

If you don't believe me, check on Facebook groups like - Universal Credit help from The Sun - Universal Credit Essentials - UNIVERSAL CREDIT SURVIVAL!

I think you need to do research first before you make any comments and misleading people.

Calm down, we all make mistakes here, non of us are experts. Tomtom was most likely thinking of the 6 month rule, where you need to be claiming UC for this length of time before you can apply.



As previously advised, once the existing budgeting advance has been paid back you still need to wait until this shows on the computer before applying for another. This means that you won't be able to apply straight away.