Debt charity sees rise in renters worried about eviction

mortgage-gloom

Debt charity Consumer Credit Counselling Service (CCCS) has seen a dramatic rise in calls from people in rented accommodation seeking help with eviction.

Previously, it was homeowners rather than renters worried about losing their home who were contacting the charity for help with avoiding eviction. CCCS says that this is no longer the case and is receiving more and more calls from private tenants and those living in social housing who are struggling to pay their rent.

Although 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 5.5 unsecured debts, most had been able to pay their rent in 2009. The charity is warning that this sudden rise in renters seeking help with eviction may lead to increased homelessness and says that rent is a priority debt which should be paid before any non-priority debts.

Laura Carver, CCCS helpline manager says: “Up until now, almost all of those calling for help in staying in their homes were owners who were struggling to keep up with their mortgages. We have been surprised by the sudden rise in people in rented accommodation phoning us for help with eviction.

“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.”

About the Author

Personal finance writer for a host of publishers around the world, Mike is an avid follower of all things personal finance. He reveals what the latest personal finance headlines really mean for you and debunks common personal finance myths.

One Comment on “Debt charity sees rise in renters worried about eviction”

  • Business Loan wrote on 28 June, 2010, 7:12

    I always read your blogs something everyday because I like your thought and I got much advice after read you. I tell to my other friends about this & it’s blog. I hope you will read my this comment and you will remember me. i want you to always make new articles like this. I appreciate this. Thanks a lot.
    =================
    Mark01

Write a Comment

Gravatars are small images that can show your personality. You can get your gravatar for free today!

We work with a team of journalists and writers to create the content of this newsletter; all the information we provide is based on independent sources, market research and analysis. This newsletter does not constitute financial advice. The information and generic tips contained in it are provided solely to help you consider your options according to your specific circumstances. You should always do your own research and check product terms with the product provider. See Full Terms & Conditions.

TotallyMoney.com. is owned and operated by Media Ingenuity Ltd.

© Copyright 2012, Media Ingenuity Ltd. All rights reserved.

Totally Money | 3rd Floor, 46a Rosebery Avenue, London EC1R 4RP UK