Rate arrears reach record levels
30 July 2010
Rate arrears in Northern Ireland have reached record levels of more than £157m. The economic downturn has made it even more difficult to recovery these arrears during the usual in year policy (over 10 months)
The figures have risen from £48m in 2006, £124m in 2008 and £138m in 2009.
About two-thirds of the arrears are owed by non-domestic ratepayers like businesses and factories with the remainder outstanding from domestic rate payers
In 2009 approx 16,000 were taken to court for not paying their rates.
Advice4debtNI would like to highlight that rates must be treated as a priority debt and paid along with other essential expenditures like mortgage & secured loan repayments, TV license, car insurance etc.
If you are have rate arrears that you are struggling to repay call one of our advisers today. We can assist you by working out an affordable repayment plan to address all of your debt issues & discuss all options available to you.
