I’m facing eviction, how can Payplan help me?
Ask Payplan… I’m facing eviction, how can Payplan help me?
Due to the ever increasing cost of buying a home, more and more people are living in rented accommodation, pushing the demand to a record high. High demand brings with it higher rental costs and, along with the increase in the cost of living, more people are finding themselves with rental arrears and possibly facing eviction.
In December 2012, the total amount of unpaid rent was £326million, representing 10.1per cent of all rent payments. *
Since failing to keep on top of rent payments can leave you facing eviction, it is extremely important that you act as quickly as possible. There are many reasons why you may have fallen into arrears, but if that reason is due to you having debts with credit cards or loans that have become unmanageable, then Payplan may be able to help.
If you were to contact Payplan here is what we would do…
- We would go through all of your incomings and outgoings to assess how much money you have left over at the end of each month to pay towards your debts and your rental arrears.
- Providing you have funds left over we would assess whether a Debt Management Plan or an Individual Voluntary Arrangement would be suitable for you. If so, we would negotiate an affordable repayment amount with your creditors. We would also ensure that you have enough funds to contribute towards your rental arrears.
- If you do not have enough funds to enter a plan, we would offer assistance where possible to help you set up your own arrangement and also look at other possible options, such as bankruptcy or Debt Relief Order.
http://www.bbc.co.uk/news/business-21067561
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