Is there discrimination in UK credit scores?
Fair and Square
English - September 15, 2021 21:58 - 17 minutes - 24.3 MBBusiness News investigation consumer competition economics unfair fairness big business big tech monopoly capitalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Did you know that being on the electoral register can boost your UK credit score by up to 50 points?
This is standard practice in the UK, even though certain foreign nationals cannot register to vote, and other groups like ethnic minorities are less likely to be registered than white-UK citizens. The team at Fideres wondered why and - more importantly - is this discriminatory?
In this episode, we meet Alicia Carney and Fabiano Farias. One missed out on a mortgage for her dream house in Walthamstow, the other could not get a credit card - both were told their credit scores were too low and advised to get on the electoral register. And both, as immigrants, were ineligible. This podcast digs into their stories, and the wider UK credit scoring system. Find out how much this practice could cost someone over their lifetime, and follow Fideres's investigation into exactly what role the electoral register plays in determining a person's credit risk.
Producer: Ellie House
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