Getting a Universal Credit cost management advance

Getting a Universal Credit cost management advance

You could be in a position to get a loan in the Universal Credit if you want to cover a certain expense – this will be called a ‘budgeting advance’.

In the event that you obtain a cost management advance, you’ll receive paid off Universal Credit repayments before you’ve repaid the amount you borrow. This can usually be over one year.

It is possible to submit an application for a cost management advance to cover such things as:

  • a one-off item – eg replacing a broken refrigerator
  • work-related costs – eg purchasing uniform or tools
  • unanticipated costs
  • repairs to your house
  • travel expenses
  • maternity costs
  • funeral costs
  • going expenses or rent deposit
  • crucial things, like garments