2.5 million people borrowing money to heat their homes
- 10 Dec
Two and half million people in Britain will borrow money to heat their homes over winter, a survey has revealed.
A survey by ComRes, commissioned by Circle Housing, has revealed that around seven million pople will take out a loan over Christmas, and 35% of these would use the loan only to pay their energy bills.
Whilst one in twenty borrowers said that they would go to a payday loan company however 150,000 said they would go to an unofficial lender or loan shark, reports Inside housing.
One in six people surveyed said that they associate the festive period with "dread" and "worry".
Matt Gaskin a group financial inclusion officer for Circle Housing said: "Christmas is always a time of year that household budgets can get stretched and people start to feel the pinch. However, with the recent rises in energy bills we are more worried than ever before that people will turn to payday lenders or loan sharks, particularly some of the most vulnerable sections of society. We urge anybody who is worried about managing their money to get help right away and deal with the debt quickly."
What do you think of this? Tweet us your comments @suppsolutions
Image source: http://www.sxc.hu/photo/1193076
- 10 Mar
THE STATUS OF THE SOCIAL CARE SECTOR REQUIRES IMPROVEMENTs
It was also found that the social care sector has the following characteristics:Social care seems like an adjunct to the NHS instead of being an important service in its own right. While the...
- 29 Apr
Scottish Welfare Fund grants see a 13% rise in applications
Data from the Scottish Government has shown that the number of applications to councils under the Scottish Welfare Fund has increased by 13% in just the last year, reports The Courier.Over the most...
- 16 Jan
Local welfare assistance funds held back by councils
The Centre for Responsible Credit using Freedom of Information requests carried out a study which found that 127 local authorities spent 52.8% of their £148.5m sharing of the local welfare...
- 13 Jan
Landlord scheme has saved the NHS thousands of pounds
The groups - Oldham Council, Oldham Clinical Commissioning Group (CCG) and Oldham Housing Investment Partnership - consist of 10 social landlords who co-invested in the ‘Warm Homes Oldham'...
- 05 Jan
Calls for NHS funding
Stevens also called for an end to the ‘boom-bust' approach. Stevens told the Financial Times he hoped for more annual funding in addition to the £2bn lifeline that the Chancellor, George Osborne,...
- 30 Dec
New Fundraising Campaign Launched by Hospital Charity
The campaign encourages its supporters to partake in its ‘Every £1 Counts' fundraiser by making a donation and sharing a ‘pound selfie' on Facebook and Twitter throughout January.The charity are...
- 08 Dec
Home care sector facing crisis due to workers’ wages
A study by contractor Mears and the Local Government Information Unit have reported that councils should ensure they pay providers to enable them to pay ‘at least' minimum wage salaries.Liberal...
- 06 Oct
Supported housing service for women and their children has received funding for community garden
Endeavour Housing Associaiton's Rainham House temporary accommodation service has been awarded funding for their Roots and Shoots garden project. Working in partnership with community allotment...
- 03 Oct
Social landlords urged to make do without grants
Speaking to Inside Housing at the Conservative Party conference this week, Mr Lewis said: "If housing associations want to survive without government funding, that's a good thing."He said it would...
- 02 Oct
Supporting People budget cut by £10m by the Welsh government
A draft budget shows the government announcing plans to cut the budget for Supporting People from £134.4m in 2014/15 to £124.4m in 2015/16 which is a drop of 7.4%, reports Inside Housing.Despite...
Responding to the DWP Consultation: Housing Benefit Reform - Supported Housing "Found the seminar very informative and gave an interesting and full insight into current thinking about the consultation. Michael was a very engaging and knowledgeable presenter and encouraged interaction with the audience which led to further relevant points being shared with the room. I shall certinaly look out for future events!" M.E. - Care Housing Association