Credit, Collections & Insolvency News
Online income and expenditure portal, IE Hub has announced that it has partnered with the Vulnerability Registration Service (VRS) .
The company’s say that the partnership will mean that those people who have found themselves in vulnerable circumstances will actively be made aware at key touchpoints of the ongoing free support they can access. At the same time, it will enable creditors and other organisations to confidently identify where vulnerability exists.
Mark McELvanney, Sales Director at IE Hub, said “We work with many people who are in debt as a result of a life event that has had an emotional impact on their ability to manage their finances or a physical issue that has impaired their ability to work. Nearly 70 per cent of our users have told us that they felt anxious when they had to talk to creditors to set up reduced payment plans. Our work takes much of this anxiety away by making it simple, enabling them to do it all online in their own time, and giving them a better understanding of their own finances and a sense of control when they do eventually speak to their creditors.”
“But vulnerability doesn’t just stop there. We recognise that they need ongoing support, which is why we are pleased to be partnering with the Vulnerability Registration Service. There is a clear cross over in the work we do and by coming together, we can ensure the vulnerable are being signposted to the right support at every opportunity.”
Helen Lord, Director, Vulnerability Registration Service, said “If a person’s vulnerability impacts their ability to manage their bills in one area, it is very likely going to impact them in other areas too. It means that they have to explain their circumstances to multiple organisations, whether it is a bank, the council, a utility company or a telco provider. It can be extremely difficult and distressing for them.”
“Both IE Hub and the VRS are committed to ensuring that the vulnerable are not caused further anxiety or harm. By working together we can reach more people at the right time and help ensure that they do not have to go through these experiences.”
