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Thursday, June 19, 2014

Helpline report rising rent arrears

The Money Advice Trust's, National Debtline has reported a rise in calls about rent arrears. The number of calls have increase by 40% over the past 2 years, and are up 13% in the last year.
The charity's chief executive, Joanna Elson said: “Rent arrears are now the fastest growing debt problem we help people with and we are in danger of falling into a rent debt crisis."

“Housing costs are the most important household bill of all, and to see such increasing numbers of people falling behind on rent payments is indicative of how the cost of living squeeze has hit many families very hard since 2007. We hear from thousands of people every month about the difficult decisions they have to make just to hold their family finances together.”

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