Social tariff effects

dulededulede

Hi

Can anyone advise what impact going onto a broadband or phone providers social tariff has? I want to save money each month but in doing that I definitely do not want to trash my credit scores that I've spent years improving. This padt year has changed everything.

Thank you all.

kaMelo

It will have zero effect as your credit score is not a real thing, only you see it. Having an account and paying it on time (assuming the broadband provider reports to a CRA) will provide a history of using credit wisely, which is what any potential lender will want to see. What they will not see is what type of account you have, be it a social tariff or a bells and whistles all inclusive.

sourcrates

Credit is credit regardless of what banner its sold under, but not all BB providers report to credit reference agencies.

You might as well ask if the tide coming in will affect my credit score, the answer will be the same, no.

PRAISETHESUN

There's absolutely no effect. If you're eligible for any social tariffs then I'd recommend you jump on them. All lenders see/care about is that your bills are paid on time. They don't see/care about what kind of deal you have with your supplier.

And as above, the score itself is a marketing gimmick that is not used by lenders to assess your creditworthiness. Each lender has their own unpublished criteria which ultimately relies on good credit history. There's no need to pay money to improve this - whether that's directly through "credit boosting" services, or indirectly through more expensive tariffs. Just pay your bills in full and on time and you'll become a more attractive customer in the eyes of lenders.