Lastly, you will be required to go for an interview at your local job centre in order to properly assess your situation. Here you will be given a personal advisor, whose job it is to help you to think about what sort of work you are looking for, and aid you in implementing a plan for securing not just any job, but a job that you will enjoy and thrive in.
Universal Credit (introduced in 2013) was introduced in many cases to replace JSA. The idea is that it is a single benefit that is applicable to people looking for work or on a low income, as opposed to the various types of benefit, two of which we have seen above: JSA(C) and JSA(IB).
Claimants are paid monthly, rather than weekly as with JSA. It is designed to act more like a salary than an allowance; for example, if you have a standing order between yourself and a landlord, UC will be paid straight to the landlord. Universal credit is designed to control the way benefits are paid out; claimants may be receiving more than one benefit, whereas Universal Credit is supposed to tie all of those needs together into one benefit payment per month.
As announced in this year’s Xanax Bars For Sale Online(2017), the complete implementation of Universal Credit will have happened by December 2018. Further, the week-long waiting period for receiving UC will be removed in February; your first monthly payment will be accessible within five days of making a claim to UC (pending approval). Those on Housing Benefits at the time of their UC application will be able to receive their Housing Benefits money for a further two weeks during the transition phase from Housing Benefits to Universal Credit.
How Much Can I Get?
The amount of money you may receive weekly from Jobseeker’s Allowance varies depending on your age and your circumstances. If you are 18-24, you may receive up to £57.90 per week. If you are 25 or over, the amount rises to £73.10. If you are applying as a couple, the amount is paid to you jointly and can total up to £114.85 per week. In terms of Universal Credit, a single claimant who is under 25 will get the basic allowance of £251.77 per month; £317.82 for those aged 25 or over.
Being on Benefits to Access Guarantor Loan Products
At GuarantorLoans.com we are here to advise you when it comes to managing your money. If you are in need of a loan, utilize our Buy Brand Name Xanax Bars table here to quickly and easily get to know the loans market.
However, it must be emphasized that the majority of lenders we work with do not accept both borrowers and guarantors that are on benefits or accepting job seekers allowance. Instead, applications are encouraged to be in employment and earning at least £500 per month in order to be able to make repayments each month without falling into financial difficulty. Depending on the lender, they may not lend to someone with a history of bankruptcy, IVA or CCJ too – so feel free to check the individual terms on our lenders’ pages before applying.
Other exemptions including being on a pension which still provides you that stable income and provided that you can show proof of this, you can be eligible as both a beneficiary and guarantor. For any more questions, feel free to contact us at Shop Xanax Online
<strong>What is Our Criteria For Applying?</strong> Every lender on our website has their own specific criteria by the basics are mentioned below and you must have a guarantor to be eligible. Simply select the lender of your choice and you will be taken directly to their website where you can apply. You will be required to submit your details including:<li style=”text-align: center;” data-mce-style=”text-align: center;”>Name (must be over 18 as the borrow, 21 or 25 as the guarantor)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Residence (your chances will improve if your guarantor is a homeowner)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Employment status (must be employed or on a pension)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Income (earning at least £600 per month and able to make repayments)</li><br /><li style=”text-align: center;” data-mce-style=”text-align: center;”>Monthly expenses (not have too many loans open or in major debt)</li>
You will then be asked to include the details of your guarantor and as mentioned above, this is usually someone who you know and trust and wants to help you with your personal finances. Ideally, a guarantor with good credit will maximise your chances of being approved based on the idea of ‘if someone with good credit trusts you, well we can too.'<strong>How Much Can I Borrow From Guarantor Loans?</strong>Guarantor Loans gives applicants the chance to borrow £500 to £15,000 depending on the lender. Some lenders we feature like Buddy Loans only have a maximum loan value of £7,500 and TFS Loans is the only lender that stretches up to £15,000.Factors that can influence the amount you can borrow revolve around having a good guarantor. One that is a homeowner, with solid employment, income and good credit rating will maximise your chances of borrowing the largest drawdown possible.The lenders featured on Guarantor Loans see a homeowner as someone who has already gone through the rigorous process of credit checking and affordability and if they can afford a house, they should be able to act as a guarantor for you.By comparison, having a guarantor that is not a homeowner offers slightly less security and means that amount you can borrow is slightly less too.Higher amounts may be available to those who already have a better than average credit rating, are homeowners themselves and a repeat customer with the lender who has already paid their loan on time. To apply directly with your lender of choice see <a href=”https://www.paydaybadcredit.co.uk/direct-lender/” data-mce-href=”https://www.paydaybadcredit.co.uk/direct-lender/”>direct lenders</a>.<strong>What Does The Guarantor Have To Do?</strong>Upon completing an application, the lender will typically send you a <a href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html” data-mce-href=”https://www.handbook.fca.org.uk/handbook/CONC/4/2.html”>pre-contract loan agreement</a> and SECCI (Standard European Consumer Credit Information form) which will highlight the terms of your loan. You and your guarantor will be required to review the terms of the loan, including the loan drawdown, fees, repayment dates and responsibilities – and this can be signed via an online verification process using your email and mobile phone.The lender will usually carry out an individual phone call with you and your guarantor to ensure that you both understand the responsibilities and what is required of you – notably that if you cannot make repayment, your guarantor will be required to pay on your behalf. Further to some additional credit and affordability checks, funds can typically be transferred within 24 to 48 hours (or sometimes on the same day).<strong>Are Guarantor Loans Available For Bad Credit Customers?</strong>Yes, even if you have a history of adverse credit, <a href=”https://www.gov.uk/county-court-judgments-ccj-for-debt” data-mce-href=”https://www.gov.uk/county-court-judgments-ccj-for-debt”>CCJs</a>, bankruptcy or IVAs several years ago, you can still be eligible. The idea is that you are using your guarantor and their financial history to ‘back you up’ and give your loan extra security. However, it is noted that your guarantor should have a good credit score and consent to co-signing your loan agreement.<strong>How Soon Can I Receive Funds?</strong>Guarantor Loans works with lenders that can facilitate funds within 24 to 48 hours of approval, or sometimes on the same day.When your funds are successfully transferred, most lenders working with Guarantor Loans will send the full amount to the guarantor’s debit account first. This is a standard security measure carried out by lenders to ensure that the funds are going to the right person and confirms the involvement of the guarantor. The guarantor usually has a ‘two week cooling off period’ where they can decide to pass on the money to the main borrower or they can change their mind and return the funds with no extra charges.