CCR Magazine

You are here  :Home arrow News arrow Research by Echo Managed services finds three in ten over 60s struggle to pay water bills
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News

  • FSB on weak Scottish jobs figures
    Official figures published today show that Scottish unemployment grew between December and February. Further, Scottish employment also fell over the… More


Research by Echo Managed services finds three in ten over 60s struggle to pay water bills PDF Print E-mail
Thursday, 15 October 2015
The effects of six consecutive years of record low interest rates - which have cut older savers' returns - have been unveiled in new research which reveals that over 60s are most likely to fall into arrears with their water company. 

The survey* of 1000 people found that over 60s were most likely to fall into debt, with 30% of this age group reporting they regularly struggle to pay their water bill. This is compared to 16% of 30 – 39 year olds, 10% of 40 – 49 year olds and 5% of 50 – 59 year olds.

An additional two in five of low income families (under £10,000 per year) stated they had fallen into debt with their water company as a result of not paying their bill.

However, sending in ill-informed debt collectors using single strategy collection processes isn’t an appropriate solution, according to experts, who are urging businesses to think more carefully about how they treat those in arrears.

Debt collection agency Grosvenor Services Group, part of the wider Echo Group, is calling for a fairer approach to debt collection, particularly amongst vulnerable groups such as the elderly and lower-income families.

Lloyd Birkhead, managing director of Echo Managed Services’ wholly owned subsidiary, Grosvenor Services Group, said: "While it used to be a case of 'can't pay, not our problem', debt collection has become much more ethical in recent years following heightened governance and FCA requirements. Unsecured debt in the UK stands at £173 billion and there's no sign of that decreasing. With an increasing number of people in debt, it's not appropriate or ethical to treat a customer that is in arrears like a naughty child.

“There are a number of reasons why a customer might not pay a bill, some of which traditional debt collection strategies simply don’t take into account. For example, people who wont pay their bills because they’re wrong, they don’t understand them, or they’ve arrived late, is an increasingly common occurrence. Here, it’s not a case of a customer who ‘can’t pay’, but rather ‘won’t pay’ due to issues that they consider not of their making. Having joined up systems that recognise this throughout the debt cycle is vital.

"We know how crucial it is to understand each customer's case individually, and work with them to devise a fair and achievable repayment plan, rather than deploying a single strategy for all customers. Over the years, we have created specialist processes and departments for liaising with vulnerable customers that have been developed over considerable time. However, before any of this is put into place, companies should ensure that the debt they are collecting is genuine and customer issues are solved wherever they can be before debt collectors are appointed.”

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197