Household bills
Debt, arrears & collectionsRegular payments for essentials like rent, utilities, and council tax.
Overview
Household bills are key to budgeting and affordability.
Late payments can lead to arrears or enforcement.
Why it matters
- They affect disposable income and affordability checks.
- They influence financial stability.
- Missed bills can harm credit if reported.
FAQs
Do household bills affect credit scores?
Some bills are reported or can lead to court action, which affects credit.
How can I keep bills manageable?
Create a budget and set up direct debits where possible.
Related terms
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