Steve McCabe: To ask the Secretary of State for Work and
Pensions, what assessment he has made of the effect of further advanced payment
loans on financial security in cases were the universal credit recipients
roll-out has caused financial hardship.
Damian Hinds: Advances of Universal Credit are advance
payments which are then recovered over an agreed period. They are in place to
ensure those in need are able to receive financial support and are not reliant
on illegal and high-cost lenders. Advances are recovered over a maximum of six
months, although exceptionally this period could be deferred by up to three
months to prevent hardship. No interest is charged.
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