There is a lot of information for those in a situation where a decision has been made to start up in business. Where do people go who are in difficulties. Not all of those who cannot get funding because of their credit rating, have a poor credit rating because of not paying their debt. When in a domestic violence situation, invariably people end up in refuges or on the run, these people may be wonderful, decent people but once in this arena even getting a bank account is difficult, if you have been a housewife/man and no paper trail no one wants to know you. Also most of the debt in the credit file is incurred by the ex partner who the debtors cannot find whatever the reason.

A credit rating has nothing in certain circumstances to do with paying debt and it certainly has nothing to do with having a great idea or being able to perform, but where is the funding for the potential of running a business, even if you have no financial security, it doesn't mean that someone isn't capable of being totally professional or successful, just because they are broke. Also a bad credit rating in this situation doesn't mean, that given the chance, that all debt will be paid and or bills paid on time. If you have to leave a home to go into refuges or a safe home, you have to go on the social to pay your way, if you start again the majority have to go on jobseekers to find a job unless very lucky, you have to wait and it can take up to seven weeks, unfortunately, bills follow you from place to place, these things cannot be avoided but having to catch up instead of paying the bills in the here and now, is inevitabl; hence the bad credit rating (at times people have not even seen the bills owing). Most then have to find a bank account which most of the time would have been in joint names, it can take up to two years in work to get the criteria needed, either through circumstance or low pay. Looking for bank accounts and loans also is a big difficulty when it comes to credit rating, people looking to give you credit see the rejections and ask why?

Domestic violence victims should not be treated as lepers within the financial sector, they have already been treated badly without being discriminated upon once they are brave enough to start again. It can take years to be taken seriously.

I ask again where is the funding?


S Deacon
Friday, May 22, 2009

Hi

I appreciate the pains of going through domestic violence, however your options in accessing finance are not limited to banks and credit ratings.

There are numerous funding means, that completely disregard mainstream credit rating systems.
E.g if you proposed a commence a community business or social enterprise, you would be more than welcomed to access alternate finance.
Please feel free to look at our site www.consulting4london.com, we have further information. Also we are hosting a workshop on fundraising in London on the 22nd of October. Let me know if it's of any use to you.

Regards

Sam
Sunday, September 27, 2009

Hi Susan

I have recently faced the same problem raising the equity to start my accountancy business.

Give me a call on 0844 504 8193 or email me on lyndena8@gmail.com and I will give you the names and addresses to several organisations who helped me.

Thanks
Lynden
Tuesday, October 27, 2009