June 30, 2010
Consumers struggling under mountains of debt are becoming increasingly worried about their rental accommodation and likelihood of evictions, according to new research.
UK debt charity Consumer Credit Counselling Service (CCCS) has reported a sharp rise in the number of people calling its advisors for rental accommodation advice.
Over half, 50.9%, of all people who sought help with their debts from CCCS last year lived in rented accommodation and had an average of 5 or 6 unsecured debts, although most were able to pay their rent in 2009.
While previously it was homeowners rather than renters worried about losing the roof over their head, CCCS says that the reality is more and more calls from private tenants and those living in social housing are beginning to flood its helplines.
“We have been surprised by the sudden rise in people in rented accommodation phoning us for help with eviction,” commented CCCS’ Laura Carver. "While we have always had more people in rented accommodation calling for help with their debts, they have usually been able to maintain their rent payments.
“This suggests that the personal finance situation for those in rented accommodation is deteriorating to the extent that they many end up homeless."
While Ms Carver may predict the worst possible outcome for private tenants, individuals worried about where their next rental payment is coming from, or how to service the next household bill, should seek advice right away.
Debt has affected almost every person in Britain in recent years but advice can help establish payment plans, debt relief schemes, or other useful ideas that can make the post-recession world more hospitable.
