budgeting loan

[northernmonkey]

am applying for budgeting loan and was wondering the what anyone else whos applied

asked for and actually got? I know its best to ask for double what you ask for as will chances are getting about half of what asked for anyway.

Am today clear of all debts so dont owe anything and am rhinking of asking for £1,000 and just see what they give me ?? anyone tried same thing ??

[boxtops]

I don't know what one is - what is a budgeting loan?

[northernmonkey]

A loan from the Social fund. For people on jobseekers ect

[boxtops]

Thanks for the explanation - sorry, no experience of this one. I hope others can help you.

[northernmonkey]

No worries as I know all information ect just basically wondering what other people asked for and actually got. Just if anything really suppose to get find out £££ others who applied got, I know is mostly 9/10 times half of what asked for maybe bit more/less no 2 loans of course are same so depends on your debts for loans and anything you might incur problems with payments should your money be deducted every payment so as you can prob guess just depends on circumstances really and whats loan for ect

[northernmonkey]

Got everything finished now ready to get monday and have post back all completed within few hours i get it recordered delievery so not having to to wait more than need to

[factor-fiction]

I'd be interested to know how long you get to pay back a £1000 for example and what rate of interest they charge. I'm not sure how they expect these loans to be repaid from benefits- after all the benefits are supposed to cover day-to-day living expenses so there shouldn't be much left to pay off debts.
Anyway, shame about the derby- I would have been happy with a draw

[northernmonkey]

Hi factor
Really think city deserved the win and suprise suprise Extra Time goal.....
Well when get money either giro or into bank then next time you get benefits, you will find £6.12 x 2 (is weekly repayment) is deducted until all debts cleared think over 25's pay bit more £ bout 8.--

[northernmonkey]

Yeah, if repaying loan back is £12.48 out of £101.95.
Dont see how can live on 50.95 a week ...