Will claiming Job Seekers allowance affect my credit rating?
I've just filled in the online forms for Job Seeker's Allowance and am waiting for the call back. If I claim while I am looking for a job which could take up to 6 months as there aren't enough jobs in the NHS at the moment, will my credit rating be negatively affected in the future when I go to get a morgage?
I am very hopeful of eventually getting a job but need money to tide me over in the mean time. I don't want to get a part time job as I need to be able to go to all the interviews.
Your credit rating has nothing to do with your employment state but all to do with the payment of debt. If you choose to have a loan to tide you over your unemployment you must pay it back in full within the stipulated time at at the agreed rate per month. Any failure to do this will cause negative points to be added to your rating.
Get a part time job and still go to interviews when they occur. You might not get interviews for months if at all.
No. But I'd start looking for employment ASAP.
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No. Claiming any benefits will not have a bad effect on your credit rating. The only things that will do that are unpaid debts, or overdrawn bank accounts that sort of thing. However you will not be able to improve your credit until you are off of jobseekers. Employment and paying for things on credit are the best way to improve your rating. Good luck!
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being unemployed doesnt affect your credit rating, being in debt does. as for the loser who told you to get a job, they dont know your personal situation and a mortgage is something their mummy and daddy has, does my head in all the children who answer questions on this.
References :
Your credit rating has nothing to do with your employment state but all to do with the payment of debt. If you choose to have a loan to tide you over your unemployment you must pay it back in full within the stipulated time at at the agreed rate per month. Any failure to do this will cause negative points to be added to your rating.
Get a part time job and still go to interviews when they occur. You might not get interviews for months if at all.
References :