One in three tenants borrowed money to pay rent in last month
One in three private renters have been forced to borrow money to pay their rent in the space of a month, shocking new figures show.
Over two million people have turned to credit cards, overdrafts, family members or even payday loans to meet landlords’ demands.
The finding comes as housing charities warn that private tenants are facing “a crisis like never before”. The Independent revealed last month that renters are now paying four times as much of their incomes as homeowners on housing as the situation worsens. And another investigation discovered that the majority of local councils had failed to build a single home in the past five years despite 1.2 million people on waiting lists.
https://www.independent.co.uk/news/uk/politics/rent-increases-borrow-money-b2396775.html
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