Credit Rating Help

[jason1980]

Hi I have stopped working to look after a family member for 6 months only. I will need to claim carers allowance which I have done, BUT I've had to be cold hearted towards people I owe money to each month and have cut each creditor down to �10 a month rather than up to �75 each one. On �45 a week carers allowance it will be impossible to pay everybody exactly what they want. Ive made it clear to them that I am an accountant, I have a skill, its not that I would rather be on �45 a week than �300 or so, I just have to put family first over money. Even though I am an accountant, aware of credit control, consumer laws e.t.c I am not however aware of what happens to my credit rating!!! It's not that I am not paying or even missing payments, so what affect will it have?
Anyone in the know, know for sure? Plus after this 6 months I will resume paying full amounts again.

[007007]

hiya. you credit rating will be affected in some way, depending on how the company works who you owe money too. the best way to find out is to log on to www.experian.co.uk" and www.equifax.co.uk and get your credit report. ideally every month. costs �2 pound a month for each report and you need one from each company per month. it lists all of your credit commitments and tells/explains you payment performance. these are the details lenders look at when you apply for something. hope this helps, cheers, ron