| answer text |
<p /> <p /> <p>At March 2013, there were 10,118,298 loans outstanding relating to
2,940,087 customers. The table below indicates the age of loans and their volumes
and values.</p><p> </p><table><tbody><tr><td><p>Age of loan</p></td><td><p>Loans</p></td><td><p>Value
£000</p></td></tr><tr><td><p> </p></td><td><p> </p></td><td><p> </p></td></tr><tr><td><p>Five
years and over</p></td><td><p>1,837,896</p></td><td><p>218,840</p></td></tr><tr><td><p>Between
one and five years</p></td><td><p>5,898,911</p></td><td><p>595,737</p></td></tr><tr><td><p>Less
than one year</p></td><td><p>2,381,491</p></td><td><p>373,729</p></td></tr><tr><td><p>Total</p></td><td><p>10,118,298</p></td><td><p>1,188,306</p></td></tr></tbody></table><p>
</p><p> </p><p>The Department pursues all debts available for recovery. Where we have
difficulty with locating a customer and obtaining payment from them we will employ
a private sector company to do this for us; for year ending March 2013 we paid £880,000
and recovered £6.1m.</p><p> </p><p>Data has been included for the financial year 2012-13,
the latest year for which the audited Social Fund White Paper Account is available.
The 2013-14 Account will be publicly available from July 2014.</p><p> </p><p> </p><p><strong>
</strong></p>
|
|
