New Crisis Loan Rules April 2012

Steve Web who is the Minister for Pensions has released details of two major changes to the Social Fund service, that will impact on Crisis Loan applications ans Crisis loan awards.

From 9 April 2012 the maximum that you can be awarded as a Crisis Loan will be 30% of the ammount of benefit that you are entiteled to as opposed to 60% that was available in 2011 for applications for living expences

Aslo from April the 9th, all Crisis Loan applications made when customers are awaiting a new award of Tax Credits will be treated as allignments to benefits, this means that they are not going to count toward the maxumum number of applications that can be made in a 12 month rolling period.