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Dublin: 19 °C Tuesday 23 July, 2019
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Customers of Home Payments Ltd to be repaid some money

Customers of the former domestic budgeting company are to receive some of their money back, following the company going into liquidation last year.

A screen grab from the Home Payments Ltd website
A screen grab from the Home Payments Ltd website

CUSTOMERS OF THE now-defunct domestic budgeting company Home Payments Ltd are to receive some of their money back, following the company going into liquidation last year.

The National Consumer Agency gave a grim warning after the company announced its collapse, saying that “potentially thousands upon thousands” of domestic savers and people under financial duress may have seen their savings totally wiped out.

However, RTÉ News has tonight revealed that customers are likely to receive between 20 per cent and 25 per cent of their money back.

Home Payments, which was based in Rathmines in Dublin, offered a service which allowed consumers to make a weekly or monthly payment to the company, with the company paying household bills as they fell due. It also offered a savings scheme for customers.

Liquidators Eamonn Richardson of KPMG and Eamonn Leahy of Leahy & Co were appointed in August of last year.

Read: “Their savings are probably gone” – grim warning as Home Payments enters liquidation>

Read: NCA urges immediate action as Home Payments ceases trading>

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