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Kumbirai Mabwe, Senior Lecturer in Banking and Finance, Cardiff Metropolitan University

Why personal finance is harder when you’re a migrant

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Skilled migrants play an important role in the UK economy. But while the UK celebrates the skills they bring, it doesn’t always make it easy for them to thrive financially.

Migrants tend to arrive with a good work ethic, qualifications, professional experience and a drive to succeed. But unlike UK natives who grow up with the country’s financial system, they have to navigate unfamiliar banks and financial products. They might also come up against unwritten rules, such as needing a good credit score to access mortgages, loans and even mobile phone contracts.

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