Universal credit

ellywellywoo

I am self employed currently earning no money.
I have applied for universal credit and hoping to get the government grant in June.
Will either of these payments affect my credit rating in relation to future loans, mortgages etc
I currently have no debts

Thank you

D3xt3r5L4b

No
Aside from the fact you have no “credit rating”
to be affected, it’s not reported to the CRA’s

[Deleted User]

Your lower income will make you much less likely to be accepted for credit.

A mortgage would be almost certainly out of the question.

ellywellywoo

Deleted_User said:

Your lower income will make you much less likely to be accepted for credit.

A mortgage would be almost certainly out of the question.

Thank you for your response.
Not applying for a mortgage yet and hoping to be back in business by the summer but was just wondering about future applications

[Deleted User]

Once you get your income back up, you'll have a much better chance.