Credit, Collections & Insolvency News
Customers in need of financial support are more also more likely to have poor mental health according to research by Ofwat.
The research showed that those who struggle with their mental health find it much harder to ask for help with bill debt, creating a vicious circle for people in need of support exacerbated by the pandemic.
As part of Ofwat’s #ListenCareShare conversation, Ofwat has been looking at how the pandemic has impacted on customers’ wellbeing and mental health. It found that around half (48%) of bill payers report their mental health has been worse over the last year.
A similar proportion (51%) believe that struggling with mental health makes it harder to ask for help with bills and some are not aware that support exists. For those already facing challenges with their bills, that rises to two-thirds (65%).
The link between mental health, ability to pay and low awareness of support has become a growing concern. Those experiencing mental health challenges find it harder to ask for help, sometimes through nervousness or embarrassment of their situation and sometimes because they are not aware that support is available. To tackle this, water companies should be identifying the most appropriate way to communicate with their customers – using more traditional means of communication such as phone calls, in addition to alternative channels such as web chats and email where that is preferred. Water companies need to take an empathetic, tailored and gentle approach to support customers.
David Black, Interim Chief Executive at Ofwat said“Customers who are struggling financially and have poor mental health are less inclined to seek help. Breaking this vicious circle is a difficult challenge to overcome, but one that can be tackled by companies working better with their customers.”
“Companies can go even further to promote the services they have available to instill trust in bill payers so that issues can be identified at an earlier stage.”