Policies and Performance
Policies:
We have 2 main policies which outline how our income management service works:
Rent setting and service charges
Income management (Rent collection and arrears)
These policies are reviewed on a regular basis. Copies are available on request.
Performance:
We are continually striving to help our customers stay out of debt and to drive down rent arrears. Our performance over the last 5 years can be seen in the table below.
|
Financial Year
|
Arrears
as % of rent due
|
|
2006-2007
|
2.11%
|
|
2007-2008
|
1.54%
|
|
2008-2009
|
1.36%
|
|
2009-2010
|
1.00%
|
|
2010-2011
|
0.9%
|
We have achieved these figures through introducing:
- a wide range of payment methods
- benefit and debt advice
- a floating support service for particularly vulnerable customers
- a debt recovery team
- a firm but fair approach to arrears
We aim to continue developing and improving our income management service for the benefit of our customers and so this year we have:
- started quarterly prize draws to reward those paying by Direct Debit and those who pay their rent promptly in advance
- set up a Money Matters Service in partnership with Boston Citizens Advice Bureau and Linc-up Credit Union to provide our customers with guidance on money management and access to saving schemes and loans.