Tag Archives: UK housing debt

Proactive care from payday providers is crucial to halt spiraling UK housing debt, says Aspect

Research by housing and homelessness charity, Shelter, shows a marked increase in the number of people using payday loans to meet rising housing costs. Despite a statement from payday loan firms urging people to get help for money problems, more needs to be done to prevent customer short term debt snowballing out of control. With calls to the charity regarding difficulties meeting rent or mortgage payments up a third last year, and short-term loan providers increasingly seen as a solution to this, greater responsibility needs to be taken in this area.  Continue reading Proactive care from payday providers is crucial to halt spiraling UK housing debt, says Aspect