Can I Foster if I Have Debt?
It is okay to talk about your debt situation when fostering because it somewhat impacts your fostering abilities. We will explore your ability to foster if you have a debt.
Fostering requires financial commitments that will determine your suitability. Many potential foster carers are worried about their previous and current debts blocking their way to becoming carers.
Does debt affect your eligibility?
Yes, debt can affect your eligibility to become a foster carer in the UK. However, this doesn’t mean that you are automatically ineligible to become a foster carer if you have debt.
You need to discuss your debt situation with the fostering agency to determine how financially suitable you are to foster a child.
Past and current debts
Past debts
Past debts are common and can’t affect your current fostering application. However, a fostering agency will need to assess your suitability based on this past debt that you had. The only thing that a fostering agency will be looking at is the confidence level at which you can handle money.
Remember, you will be paid fostering allowance to care for the foster child under your care. Therefore, a foster agency must be sure that you are able to manage your finances well to care for a foster child.
Current debts
How huge are your current debts? That’s a major consideration that will affect your fostering chances.
Excessive debts are a concern to any fostering agency because they will affect the well-being of a foster child. However, if you have reasonable debts that you can repay, then your fostering application will proceed.
Don’t worry…
Debts shouldn’t worry you if you can demonstrate the ability to pay them without any difficulties. Prove to your fostering agency your ability to repay current debts and your assessment to become a foster carer will proceed to the next step.
You can always contact us if you have any questions about your current financial situation that you think can delay your application process. Let us help you to get through the fostering application process.
