Rent arrears a growing concern

Debt charity the Money Advice Trust have raised concerns over the growing level of those in rent arrears coming to them for advice.

There debt advice line has seen the percentage of callers with issues over rent arrears growing from 6.3% of callers in  2010 just 6.3 per cent to 12.3 per cent in 2013.

Their Chief Executive, Joanna Elson, commented: “The long-term trend for rising rent prices is clear and its impact on the debt landscape is significant. Rent arrears are now the fastest growing debt problem we help people with at National Debtline, and we are in danger of falling into a rent debt crisis."

More comment in the Telegraph 

Free tenancy agreements