IRRV Alert - week ending 10th July 2020
News
Consultations
Reports
Eligible Loan Deduction Scheme (7 July 2020)
Guidance
Eligible Loan Deduction Scheme
Guidance for lenders on applying to the Department for Work and Pensions (DWP) to recover loans from benefits paid to claimants.
Published 20 September 2013
Last updated 7 July 2020 — see all updates
From:
Department for Work and Pensions
Documents
Eligible Loan Deduction Scheme
HTML
Application to join the Eligible Loan Deduction Scheme
PDF, 135KB, 3 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
Application to join the Eligible Loan Deduction Scheme
RTF, 357KB
This file may not be suitable for users of assistive technology. Request an accessible format.
Evidence required for the Eligible Loan Deduction Scheme
HTML
Specimen memorandum of understanding between DWP and lenders
PDF, 85.7KB, 9 pages
This file may not be suitable for users of assistive technology. Request an accessible format.
Eligible Loan Deduction Scheme referral form
PDF, 107KB, 1 page
This file may not be suitable for users of assistive technology. Request an accessible format.
Eligible Loan Deduction Scheme referral form
RTF, 279KB
This file may not be suitable for users of assistive technology. Request an accessible format.
How to notify DWP of any changes for the Eligible Loan Deduction Scheme
HTML
Details
The Eligible Loan Deduction Scheme supports the expansion of affordable credit to people on low incomes by allowing DWP to recover loans from benefits.
This guidance explains how the scheme works and how lenders can apply to join the scheme.
Changes to repayments because of coronavirus (COVID-19)
Deductions from benefits through the Eligible Loan Deduction Scheme that were temporarily stopped because of coronavirus, are starting again.
DWP will write to you to tell you when your repayment deductions are starting. You do not need to do anything.
Published 20 September 2013
Last updated 7 July 2020 + show all updates