People are being told they could be eligible for a temporary loan to help them if they are struggling to pay their bills. The Department for Work and Pensions (DWP) has revealed some benefits claimants are eligible for a budgeting loan or advance to help with essential purchases in the ongoing cost of living crisis.
The type of loan and how you apply will depend on which benefits you claim, reports the Daily Record. The money can be used for household essentials or costs you are struggling to pay such as rent being paid in advance.
However there are certain conditions attached including that you must pay back the loan within two years. Here is everything you need to know about the budgeting loan and budgeting advance including how you qualify, how much you get and how to apply. To get all the latest money-saving news straight to your inbox sign up here.
