Submitted on Wednesday 1st April 2020
Rejected on Tuesday 7th April 2020
Current status: Rejected
Rejection code: irrelevant (see below for details)
Credit agencies / financial institutions suspend reports of late debt payments
Suspend the reporting of defaults or late payments on any form of debt for at least 6 months and subject to review regularly. This will both aid with the fear of people missing payments due to lack of income including the self employed.
This would ensure that if people cannot pay debt due to loss of income, they would not spend upto 6 years having it reflected on their credit file.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
The preparation and scoring of credit reports is a matter for individual credit reference agencies in cooperation with lenders, not the Government or Parliament. The UK's three credit reference agencies have all issued statements and advice about what people should do if they are facing financial difficulties as a result of the outbreak. You can find these here:
TransUnion: www.transunion.com/covid-19
Equifax: www.equifax.com/about-equifax/covid-19-and-your-credit-score/
Experian: www.experian.co.uk/consumer/help-discover/discover/guides/supporting-you.html
You could start a new petition calling on the Government to encourage credit reference agencies to show consideration to any negative transactions that have occurred during the coronavirus outbreak.
You can find out more about coronavirus and how you can protect yourself and others here:
NHS website: www.nhs.uk/conditions/coronavirus-covid-19/
UK Government website: www.gov.uk/coronavirus
You can read NHS tips to help if you are worried about coronavirus here: www.nhs.uk/oneyou/every-mind-matters/coronavirus-covid-19-anxiety-tips
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