One of the many customers we helped today had a water rates problem. This is a different type of outstanding debt because its an ongoing utility bill. Therefore a new bill will arrive each year and will never end.
They also had numerous loan collectors calling at their house and collecting weekly payments totaling over £116.00 per week.
Credit & Loan Management Ltd have set up a debt management plan reducing the payments down to all these loan collectors and paying the water rates (plus some off the arrears) and it will only cost £20.00 per week (£80.00 per month).
These customers are in receipt of benefit and clearly could not continue paying over £463.00 per month out of benefit and not paying their water rates. This way the customer can afford to live and the water rates will be paid and a small amount paid off the arrears. Many water companies offer a social fund, so once the customer has proved they intend to pay they may be entitled to a reduction in the arrears or the water company will match the customers payment pound for pound. The customer was very happy and relieved everything will now be paid and they can afford to live.
Credit & Loan Management Ltd have helped them regain control of their finances.
If you're having trouble with water rates or loan/debt collectors calling at your door or any other debt problems, either post a comment on the blog or telephone us for free advice on 0800 0727 844, we will be happy to help.
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