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PPI Claims: Credit ratings 'could affect fuel costs'

PPI claims may be needed to help people pay for existing credit purchases to avoid being penalised by energy companies.

Gas and electricity suppliers are increasingly making use of data from credit reference agencies, according to a new report from Consumer Focus.

The data determines whether the firms offer customers the best deals, as those with a poor rating are considered a higher risk and asked to pay more for their electricity.

Consumer Focus believes this is unfair, as many people with lower credit ratings may have no history of struggling to pay for essential items such as energy bills.

Dhara Vyas, energy expert at the consumer group, said energy is an essential service that people need for their health and wellbeing and it must not be treated the same way as other types of credit, like loans and credit cards.

Paul Lewis from Credit Confidential recently urged people to always make sure they repay at least the minimum monthly repayment on any credit commitments they may have.

Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers.ADNFCR-2776-ID-800760606-ADNFCR

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