Funeral debts like any other debt still need to be recovered, but with debts due to rising funeral costs rising, it’s more important than ever to find a sympathetic debt recovery firm to do the sensitive work for you.
No company wants to risk gaining a reputation for chasing money from bereaved families so it’s important that professionals are hired to ensure the process is carried out as smoothly as circumstances allow.
According to recent newspaper reports, the average funeral now costs £4,136, which is partly due to councils putting up the prices of the services they provide due to government austerity. This leaves many families desperately trying to cover the shortfall with loans and other forms of borrowing.
Some are even turning to payday lenders such is the need to secure finance quickly even though they may on reflection be unable to afford the repayments on debts.
To make matters worse, the rising cost of a funeral is set to continue on an upward trend that will see it reach £5,066 by 2026.
Undertakers and other businesses working in the industry may well see an increase in money owed as a result of funeral costs rising. If this is the case with your business, why not give us a call to see if we can help recover debts owed to you?