Sunday, January 06, 2013

The rent crisis

Shelter says the number of people in the UK struggling to pay their rent or mortgage has soared by 44 per cent over the past year, with a fifth of those surveyed, equating to 7.8 million Britons, facing a monthly battle to keep a roof over their heads. 1.4 million people went into 2013 in rent or mortgage arrears, while nearly 1 million people took out a payday loan over the last 12 months to help them cover their mortgage or rent. 2.8 million Britons, dipped into unauthorized overdrafts to pay their way.

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