What is a Budgeting Loan?

Budgeting loans are interest-free loans designed to assist those on low incomes cover unexpected expenses. Repayment is made via deductions from means-tested benefits such as income support, income-based jobseeker’s allowance or universal credit payments. The amount you can borrow depends on your circumstances, such as whether or not other budgeting or emergency loans have yet […]

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How Does A Loan Work?

A loan is money that is lent to an individual or a company, in return for repayment of the loan principal amount plus interest on the loan. Every lender has different terms and conditions associated with a loan. Each party involved in the loan establishes terms and conditions before any funds are advanced. A loan […]

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