Does anyone find the new credit reference agencies are holding predominantly disabled people back?
Lolipopjunior
Community member Posts: 4 Connected
Does anyone find the new credit reference agencies are holding predominantly disabled people back. Being disabled has a profound effect on our finances and the road to finding ourselves with a disability is a rocky road strewn with unpaid bills, untill we receive the correct benefits which limits us to paying the due bills but not allowing us to pay any historical debts leaving us stuck in credit reference agencies bad books. There are no checks to see if our limitations should be taken into account.Whsts your feelings towards this people.
Comments
-
How are credit reference agencies holding you back, can you explain further?
-
The biggest con of all is that CRA's produce so called "credit scores" nobody has a credit score it's a made up number, we all have credit history and if you have a bad one it will probably stop you getting more credit.
I'm not sure how CRA would hold back a disabled person @Lolipopjunior perhaps you could explain?2024 The year of the general election...the time for change is coming 💡 -
woodbine said:The biggest con of all is that CRA's produce so called "credit scores" nobody has a credit score it's a made up number, we all have credit history and if you have a bad one it will probably stop you getting more credit.
I'm not sure how CRA would hold back a disabled person @Lolipopjunior perhaps you could explain? -
According to my credit score its 149 out of 700 which says its poor but still allowed credit
-
@lisathomas50 as above no one has a credit "score" it's a made up number that no one else sees, your credit history is more important and lenders do see that e.g have you had a ccj or have you missed payments.
I have to admit that since I became disabled I have never had a problem obtaining credit.2024 The year of the general election...the time for change is coming 💡 -
It's the lost job and the getting put onto the correct benefits I worked and was self employed got jammed between two cars overnight my income stopped my savings lasted a year then had to try and sell my stuff including car it took 2 years of being paid 72 pounds a week to be properly assessed by the dwp, my mp had to be brought in and social workers to finally get me sorted out so if u havnt yet worked out how my credit score was affected it was directly affected by becoming disabled thus impacting my credit rating. You say the scores or numbers are there to show lenders were somehow inept at managing our monetary obligations loosing a job becoming ill and disabled all contribute in their own way to further hinder a persons health and wellbeing to be somewhat punished for having an accident are you saying an accident and injury causing disability has nothing to do with paying ones debts i think you personally are being a wee bit harsh on the disabled community. If u have no job and are left penniless please explain how we could possibly not fall into debt I'm not a rich man I'm a working man always paid my dues untill as a say I had the accident and now the disability it's pretty much commonsense woodbine.
-
@woodbine I have found it easier to get credit since I had a disability and more do in the last year where I havent worked
-
Lolipopjunior said:It's the lost job and the getting put onto the correct benefits I worked and was self employed got jammed between two cars overnight my income stopped my savings lasted a year then had to try and sell my stuff including car it took 2 years of being paid 72 pounds a week to be properly assessed by the dwp, my mp had to be brought in and social workers to finally get me sorted out so if u havnt yet worked out how my credit score was affected it was directly affected by becoming disabled thus impacting my credit rating. You say the scores or numbers are there to show lenders were somehow inept at managing our monetary obligations loosing a job becoming ill and disabled all contribute in their own way to further hinder a persons health and wellbeing to be somewhat punished for having an accident are you saying an accident and injury causing disability has nothing to do with paying ones debts i think you personally are being a wee bit harsh on the disabled community. If u have no job and are left penniless please explain how we could possibly not fall into debt I'm not a rich man I'm a working man always paid my dues untill as a say I had the accident and now the disability it's pretty much commonsense woodbine.
In the sense that you have debt and you ar finding it harder to pay because of reduced income, than yes, I totally see that.
The CRAs still have to record an accurate record of your payment history and credit history though, regardless of a health condition or disability, otherwise that would put you at an advantage over other people.
All I can suggest is ig you are struggling you work with your debtors to come up with an affordable payment plan or you seek more specialist and professional advice from a debt charity such as step change.
https://www.stepchange.org/
Brightness
Categories
- All Categories
- 13.3K Start here and say hello!
- 7K Coffee lounge
- 101 Games lounge
- 482 Cost of living
- 4.6K Disability rights and campaigning
- 1.9K Research and opportunities
- 230 Community updates
- 9.6K Talk about your situation
- 2.1K Children, parents, and families
- 1.6K Work and employment
- 806 Education
- 1.7K Housing and independent living
- 1.4K Aids, adaptations, and equipment
- 666 Dating, sex, and relationships
- 374 Exercise and accessible facilities
- 845 Transport and travel
- 32K Talk about money
- 4.6K Benefits and financial support
- 5.2K Employment and Support Allowance (ESA)
- 17.2K PIP, DLA, and AA
- 5K Universal Credit (UC)
- 6.4K Talk about your impairment
- 1.8K Cerebral palsy
- 886 Chronic pain and pain management
- 183 Physical and neurological impairments
- 1.1K Autism and neurodiversity
- 1.3K Mental health and wellbeing
- 328 Sensory impairments
- 832 Rare, invisible, and undiagnosed conditions
Do you need advice on your energy costs?
Scope’s Disability Energy Support service is open to any disabled household in England or Wales in which one or more disabled people live. You can get free advice from an expert adviser on managing energy debt, switching tariffs, contacting your supplier and more. Find out more information by visiting our
Disability Energy Support webpage.