The Vulnerability Registration Service (VRS) is pleased to note that the Money Mental Health Policy Institutes report Seeing through the fog published 24 January 2017 identifies some common factors in line with the VRS, its service and thinking.
The MMHPI suggests common ways in which mental health problems might affect a person’s ability to manage their finances along with a simple list of what might help. The MMHPI suggests providing control options to help people resist impulses, including giving cooling off periods and the ability to self-exclude from certain types of spending or new credit applications.
In line with the MMHPI report and suggestions, the VRS allows self-registration to vulnerable consumers who can choose an appropriate, non-descriptive proprietary flag fitting their unique situation, a self- registered vulnerable consumer can choose auto decline or refer flags. The auto-decline flag will allow Users of the VRS service to identify vulnerable consumers who wish to self-exclude themselves from certain types of spending or new credit applications. The VRS refer flag lets Users know that the consumer wishes to be taken out of an automated work flow, in essence given a a cooling off period.