The past few years have been rough on household finances, but especially so for those without a financial buffer. Billing for government services like utilities and commercial licences are punishingly inflexible. One late payment can spiral into an inability to work, shelter, or feed your family. PromisePay is offering a much-needed solution: a plug-and-play service that arranges interest-free payment plans for those unable to settle bills for government debt.
It’s both a kinder and more realistic approach to missed payments: people on the whole don’t skip because they don’t want to pay, but simply because they can’t. Offering a manageable means of doing so has allowed PromisePay to reduce delinquencies and improve recovery rates to over 95%, along with reducing the size of penalty fees for debtors. This letter point has tempted on board a rapidly swelling roster of paying government customers eager to improve their loan returns.
Steph
Company Specialist at Welcome to the Jungle