Credit rating

CPAG

Credit rating

Student loans are different from other types of borrowing because they do not appear on a clients credit file and their credit rating is not affected. However, any repayments made (or due to be made) are listed as outgoings in affordability calculations in future credit applications.

Old ‘mortgage style’ student loan details are however passed onto credit reference agencies. This can happen even if the loan is deferred or an arrangement to pay the loan back has been made.

Arrears on repayments to all types of student loans are registered with credit reference agencies and affect a client’s credit score.

Previous Next

Details

Debt Advice Handbook Scotland 1st ed - with new material

Written in partnership with Citizens Advice Scotland, CPAG is delighted to announce the first edition of the Debt Advice Handbook Scotland. Based on CPAG’s best-selling Debt Advice Handbook, it details the stages of the debt advice process in Scotland and the key skills needed to give good advice. No money adviser should be without this essential guide.

The Handbook provides the most comprehensive information needed by advisers on the tools and strategies to help clients with their financial difficulties. It details the key stages of money advice, including on interviewing clients, establishing liability, prioritising debts, preparing a financial statement, negotiating with creditors and dealing with bailiffs. Emphasis is placed on taking due care of vulnerable clients and making sure that any payment arrangements agreed are appropriate. There is a focus on sustainable credit arrangements that do not affect a client’s abilities to pay essential living expenses and priority debts.

It is the go-to tool for specialist debt adviser as a first step in accessing primary legislation and regulations, and is also a reliable guide and training aid for the new debt adviser. Advisers who undertake debt advice alongside other sorts of advice work or other professional disciplines – such as social workers and housing officers – will find this handbook an indispensable resource.

Fully indexed and cross referenced to law, official guidance and to court and tribunal decisions, tactical guidance and examples are included throughou

Author(s):

CPAG

This content was last updated:2024-10-22

Word count182,696

Base text size -

Chapter illustrations ()