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Millions of pounds going unpaid in rent arrears

UK debt collections

is is now estimated that over Half a million private renters in the UK are behind on their rent. For the majority struggling with their rent, this is a new challenge – 58% of those behind on rent had no rent arrears in February 2020. Targeted financial support for people in England who’ve built up rent arrears.

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The $2B ticking time bomb that has pushed renters, landlords to the brink

Collection Industry News

Flip the page to revenues and there’s a list of 50 tenants who haven’t paid rent for more than a year. I’ve got someone who owes me $26,000 and it goes down from there,” said Branflick, browsing a list that totals $500,000 in unpaid rents. “I We want to work with people. Many won’t survive,” he said. While any of the state’s 1.2

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

Fico Collections

In March 2021, the CFPB reported that over 11 million US families are behind on their mortgage or rent payments, with homeowners nearly $90 billion in arrears. As we discussed in part 2 of this blog series, which focused on customer acquisition decisions, lenders are more frequently adopting a two-layered risk appetite approach.

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