Facebook Pixel Code

Menu

MyCuro Menu

Universal Credit 'advance payments' - read this first

 

 

Post image

Have you claimed Universal Credit? Are you considering an ‘advance payment’ while you wait for your first payment of Universal Credit?

If so, please be aware an advance payment is repayable, usually over 12 months after you receive it. There is no interest charged but payments will be taken directly from your monthly award before you receive it.

Your monthly payments will be lower until the advance payment is repaid, so you'll have less to live on.

For example:

  • If you're a mother of three and your total monthly award for Universal Credit is £1,259.25, after paying your housing costs you will have £826.57 left to live on. From this you'll have to pay back £104.94 every month for 12 months.
  • If you're a single person under 25 and your total monthly award for Universal Credit is £684.45, after you paying your housing costs you will have £251.77 to live on. From this you'll have to pay back £57.04 every month for 12 months.

A lot can happen in 12 months: Christmas, birthdays, emergencies... you might need that extra income. If you'd like any help or advice please contact your local JobCentre Plus or Curo's Customer Accounts Team.



Book it, pay it, check it - log in to your account:

We use cookies on this website to provide you with a better online experience. If you continue, we'll assume you are OK with your web browser receiving our website's cookies. Our privacy policy explains how we use cookies.