Skip to main content

Legacy benefits 2022 budgeting loan updated

How long does a  DWP budgeting loan take to  be processed  - July 2021


 If you are on a benefit that makes you eligible for a budget loan from the DWP then you may be aware of the new digital process which is making them easier and much less time-consuming.



      The old process -

  1. You would apply online and then wait for a text message saying it was received, this would take a few days to a week.
  2. After 2 weeks on average maybe more you would get a letter with a loan offer for you to accept repayment terms and post back.
  3. including delivery time and then processing by the DWP this stage would average another two weeks.



The process would usually average 4 weeks which I think made some people take out high-interest payday loans or sell items at places like cash converters and the like, budget loans were not seen to help in crisis getting people into further debt even though the DWP resource was there it was purely a timescale thing.



Whats changed with DWP budget loans in 2021 


The timescale has been cut down to 7 days in most people cases unless further checks or verification of benefit entitlement needs to take place, the only other caveat is that if not processed in that time period it can be then sent through the above method but from people, I have spoken to they have an average of 5 days of getting the loan and a payment date.



The new process for DWP budgeting loan 2021


1.Apply online 

2.you will have the option to be replied to by post or email if you want the faster route to suggest you choose to email.

3.you will get an email saying they are processing your loan application and a decision will be emailed within 7 days.

4.a decision will be sent to you, I have heard of people getting an offer the very next day as these are automated.

5.accept the offer they will be a link where you can accept it online.

6.you will then receive an email maybe the next day or up to three of four days which will give you a payment date normally three days from the email.


so there is no more time-consuming delivery and processing and waiting for reply slips and sending back acceptance and declaration that is all online now.


I hope this is helpful please leave your comments and timeframes to help others that may be looking for this information about DWP budgeting loans online in 2021 as a lot of the info seems outdated.

Also, please if in a crisis consider using the DWP budgeting loan resource instead of high-interest loans that push you further into debt or even loan sharks.





Labels:

Comments

Post a Comment

Popular posts from this blog

The cex vs cashconverters review whos the best who will you give you more cash

CEX  REVIEW .  vs Cashconverters Well if your into i.t and gaming you'll already be very familiar with the first shop I'm going to review CEX it has various stores but no direct phone number . Here's my experience - I took every piece of id i had there  i had checked on line through their site the id requirements to sell to them before taking the trip in the first place ,but low and behold i was met with a piece of paper sellotaped very messily to a desk saying that was the only id they accepted which was of course not the same as the one on line , i had to produce a bank statement instead which i really feel uncomfortable about the fact that my statement was held on the counter while he slowly wrote numbers down of it i could see chavs over my shoulder trying to  peek it was all veryunsecure , i had no way of knowing if the staff could have accessed any information from my account again once i had left the store  . once i had my account setup done and received my
Post a Comment
Read more
Free food online from takeaway order sites its free but is it right - well im hungry so im eating for free . Wel this method will allow you to eat a ten pound takeaway every night for £ 35 a week you will really get 70.00 worth of free food you can do this repeatedly saving yourself money every week . Find a site that offers a deal like takeaway.com , they offer £5.00 of your first order  so order 10.00 minimum and youll pay only £5.00. Now youll need to make as many facebook accounts as you can and link them to the site youll get 5 pounds off for each one so thats a new facebook account everytime you order go and like there page on facebook then select five pound discount after liking it will give you a five pound off code to use so then you can eat everyday a takeaway for a fiver . The cool thing is you can pay by paypal they might need you to verify your phone number through paypal which is straightforward , or ust pay by card i use a prepaid card ca
Post a Comment
Read more

My phone power button broke /can't turn phone on quick fix problem solved , phone power button gone , metal part under power button gone.

Hi guys the other day the little metal tiny disc fell off my phone I had long lost the power button before that but now there was nonway to turn it on again . Wrong !!! After googling , help my phone power button won't work . My phone's power button is missing Replacement power button homemade Phone power button metal but missing. Help can't turn on my phone power button broke. Can't turn on Samsung phone power button dead. Samsung power button broken . Cheap replacement power button. Samsung won't power on . Replacement Samsung power button . How can I turn a phone on with no power button. I found everyone saying take it to the shop but   arghhhh my phone was out of warranty . So I had an idea which I must admit don't normally  work out well . Everyone has that box in there room somewhere if their past phones once loved now bricked , bootlooped, or just retired . So I started to look for a backcase with NFC on it and voila there was one .
Post a Comment
Read more