Council Records Sharp Drop in Rent Arrears

Croydon Council has seen rent arrears amongst its tenants drop by 9% in the last year. Unpaid rent levels in the borough fell over four weeks in March by more than £51,000, bringing arrears for the last financial year down by nearly £150,000, from £1,596,709 in April 2013.The rent collection rate for 2013/14 was at 99% of the £82 million due - better than the average for the last five years. The council has credited the drop in arrears to the range of support itself and its partner organisations have provided, including helping tenants to find work and manage their finances, advise on welfare benefits, reduce living costs and move to smaller homes in the wake of the bedroom tax. Read more on 24dash.