Tag Archives: creditworthiness

Renters need fairer access to affordable credit

The poverty premium is taking a crippling toll on people who can least afford it. It’s estimated that every year those living in poverty pay an extra £490 for the basics of energy, phones, white goods, food and furniture. But how can it be fair that the poor pay more?

The problem is that the rental payments of Britain’s 11 million renters aren’t recorded or recognised in the same way that mortgage payments are. This means some of the least well-off pay the most to borrow. All the while, over two-thirds …

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