Piggybank News

February 11, 2013

Over a million more face losing their home

Shelter have recently published the results of a YouGov survey conducted on their behalf.

They found that 1.4 million people in Britain are falling behind with their rent or mortgage payments. This represents an increase of 44% over the past year, to 7.8 million people.

Other worrying findings by the researchers were that:

  • almost a million people used a payday loan to help pay their rent or mortgage this year
  • 2.8 million people used an unauthorised overdraft to help pay their rent or mortgage (with 10% of these doing so every month).

Campbell Robb, Shelter’s Chief Executive, said “Payday loans may seem like a quick fix, but the huge interest charges mean things can quickly spiral out of control. It’s vital that anyone who’s having difficulty paying their rent or mortgage gets advice now.”

Full results –  http://yougov.co.uk/news/2012/01/17/roof-over-your-head/

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