Rent arrears: The fastest growing problem in the UK
- 12 Dec
According to the Money Advice Trust charity, rent arrears is the fastest-growing debt problem in the UK.
Within the first nine months of this year the charities helping had received almost 20,000 calls from people who found themselves behind with their rent. The charity says that this is a 37% increase compared to the 2011 figure.
It has also been revealed that over half the calls made to the National Debtline are now from people renting their home, reports the BBC. A recent survey by LSL property services also suggests that rents across the country are now at an all time high.
"Rent arrears are now the fastest growing debt problem we help people with at National Debtline," said Joanna Elson, the chief executive of the Money Advice Trust. "We are in danger of falling into a rent debt crisis."
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