Are you ready to make some real money moves?

If you are having trouble making your utility bills, then you can check to see whether your utility company offers arrearage plans.


With this type of repayment plan, your utility company will give you a set monthly payment based on the owed balance and your average usage. Most arrearage plans last for a year. Each time you make an on-time payment, your utility company will forgive a percentage of your overdue balance until the balance is forgiven. 


To qualify for an arrearage plan, you must meet certain criteria outlined by your utility provider. Some qualifications include: 


- owing a certain amount 

- being past due more than 1 month 

- not owing more than a pre-determined maximum 


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