Thursday, 6 January 2011

Credit cards used to pay mortgage or rent by 2 million people | Money | guardian.co.uk

Credit cards used to pay mortgage or rent by 2 million people | Money | guardian.co.uk

More than two million people have used credit cards to pay their mortgage or rent, an increase of almost 50% in a year, according to the housing and homelessness charity Shelter.

Research for Shelter conducted in August found that 6% of the 2,200 questioned had used credit cards to meet their housing costs in the previous 12 months. This compares to 4% in November 2009, and suggests a national figure of more than two million people who are making desperate last attempts to keep a roof over their heads.

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