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Need bank loan but will if affect Universal credits?

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  • Ok so I should let them know anyway, do i do it as "report a change"? 
    Will be about 2500 over the £6000 but only for a few weeks.
    If I report now , do I let then know when the balance falls below £6000?

  • Ok so I should let them know anyway, do i do it as "report a change"? 
    Will be about 2500 over the £6000 but only for a few weeks.
    If I report now , do I let then know when the balance falls below £6000?

    If you have £8,500  you need to exclude that months UC payment as that's classed as income.
    So if UC is £1,000 pm   then  your capital is £7,500  and income £1,000   so you would be £1,500 over the £6k
    Let's Be Careful Out There
  • Soconfused14
    Soconfused14 Posts: 101 Forumite
    Third Anniversary 10 Posts Name Dropper
    So I reported and have been told I need to set up appointment to show proof of balances. Is this normal?
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