Effective income management is vital to Housing Associations, Letting Agents and Landlords.
Rent arrears represent a real loss of income. On average 80% of a social landlord's revenue will be derived from rental income. Rent arrears are a significant and escalating problem for most landlords, and with the latest welfare reforms this problem is likely to increase even further.
Our clients realise that prevention is better than cure. Great strides have been made in recent years — improving sign-up procedures, addressing delays in housing benefit, and acting quickly with tenants who begin to fall into arrears. The vast majority of tenants are completely honest and wish to avoid falling into debt. However there is a hardcore of debtors who will not pay.
In this situation the landlord has limited options: the debt may be written off, or the landlord could engage in large-scale legal action (which creates further expense and may result in throwing good money after bad). A third option is to sell the debt, though clients tell us the single biggest issue there is the reduced amount of control.
Credit G will not always be able to recover 100% of your former tenant arrears — we will however create an additional revenue stream you can depend on. We offer a completely risk-free service with clear and transparent commission levels, and our aim is a fair pricing structure where you are charged in accordance with the amount of recovery effort we put in.
All clients have free web-based access to their accounts. We have been in operation since 1998 and have never received a serious complaint regarding our tactics or approach.
We have been in operation since 1998 and have never received a serious complaint regarding our tactics or approach.