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Today the subsidiary contributes 12% of Pichincha's total profits, with arrears of less than 2%—while providing loans to the poor at competitive rates.
Given how much the Vatican stood to pay with arrears, I think they will not be that unhappy with the result".
There's a good account by landlord blogger Bill Irvine here of how the termination of housing benefit occurs, and the subsequent effect on landlords and tenants as they found themselves juggling with arrears running into thousands of pounds.
Between 2011 and 2012 the number of its clients with arrears on at least one household bill rose from 27%to35%5%, while the average arrears on household bills rose from £2,134 to £2,258 over the same period.
Whitehead points out that relationship break-ups can produce serious debt problems: 'People can get into an adverse situation through no fault of their own.' She believes that the situation has improved for homeowners with arrears over the past decade.
At the end of December there were 169,600 loans with arrears equivalent to 2.5% or more of their mortgage balance – down from 176,100 at the end of September and 13.5% lower than a year ago.
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Figures released today by the MAT show a sharp, long-term trend in calls to its National Debtline service for help with council tax arrears, with one fifth of the calls made to the service in 2012 asking for help for this type of debt.
The amount of people struggling with severe arrears of 10% or more of the balance was unchanged compared with the first quarter.
In January, he came to the bureau with rent arrears, having received no money at all.
Debt charity StepChange said the proportion of people coming to it with fuel arrears increased to 11% in 2012.
Figures from separate findings by charity National Debtline show that the number of people seeking help with rent arrears doubled, to 14% of callers, over the past five years.
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CEO of Professional Science Editing for Scientists @ prosciediting.com