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Budgeting Loan
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Jab87
Posts: 40 Forumite
Hi there.
I recently applied for a budgeting loan as I am on ESA and was offered £348. I sent back the acceptance form on Saturday. I was just wondering if anyone else has applied for one and how long it took to go in to your bank after you accepted it?
Thanks
I recently applied for a budgeting loan as I am on ESA and was offered £348. I sent back the acceptance form on Saturday. I was just wondering if anyone else has applied for one and how long it took to go in to your bank after you accepted it?
Thanks
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Comments
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Usually within a couple of weeks after returning the acceptance form.0
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If you supplied a mobile number I tend to get a message confirming the day it will go in.0
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Thanks for the replies. I did supply a mobile number, but hadn’t heard anything yet but has only been a few days. Just wondered if anyone else had applied for one before and if it took the whole 14 days to go in to your bank account or if it was likely to get it sooner.0
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It really depends on how long it takes for then to receive the letter back. Once it's received they'll release the money and then it takes 3-4 working days to go into your bank. As you only sent it back Saturday it could be next week before you receive a text message.Thanks for the replies. I did supply a mobile number, but hadn’t heard anything yet but has only been a few days. Just wondered if anyone else had applied for one before and if it took the whole 14 days to go in to your bank account or if it was likely to get it sooner.0 -
Yeah from experience it still takes a while after them receiving the letter back where you confirm that you accept.0
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Hi, a friend had one a few years ago and i think he told me they sent him a letter when it was due in his account, it took 2 weeks.
The letter came the same afternoon, the money went in on the morning.
Most things now they send a text and not a letter0 -
I can't believe what I'm reading. How did you apply for this?
I applied for a Universal Credit Budgeting Advance for the full amount (£348) via telephone and it was in my bank account a few hours later.0 -
ESA and UC are different. With the legacy benefits it can take 3 weeks, even when you apply online.I can't believe what I'm reading. How did you apply for this?
I applied for a Universal Credit Budgeting Advance for the full amount (£348) via telephone and it was in my bank account a few hours later.0 -
poppy12345 wrote: »ESA and UC are different. With the legacy benefits it can take 3 weeks, even when you apply online.
Hi, exactly my thoughts0 -
poppy12345 wrote: »ESA and UC are different. With the legacy benefits it can take 3 weeks, even when you apply online.
Oh right. I wasn't aware. At least that is one positive for UC - there aren't many imo0
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