Obtaining a Universal Credit cost management advance

Obtaining a Universal Credit cost management advance

You could be capable of getting a loan in your Universal Credit if you wish to protect an expense that is specific this might be called a ‘budgeting advance’.

In the event that you get a cost management advance, you’ll receive paid off Universal Credit repayments unless you’ve paid the quantity you borrow. This can ordinarily be over one year.

You can easily apply for a cost management advance to pay for things such as:

  • a one-off item – eg replacing a fridge that is broken
  • work-related expenses – eg purchasing uniform or tools
  • unanticipated expenses
  • repairs to your residence
  • travel costs
  • maternity costs
  • funeral costs
  • moving expenses or hire deposit
  • crucial products, like garments

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