One million use cards to pay housing costs, says survey

More than one million UK households have used credit cards to pay their rent or mortgages, a survey has said.

The study on behalf of homeless charity Shelter’s magazine ROOF found that eight per cent of those in working-class occupations and four per cent of middle class households have resorted to such a method to meet their payments.

According to the charity, this could mean that many people who end up defaulting on their cards will lose their homes as a result.

Director of policy and campaigns at Shelter Kay Boycott commented: “It is absolutely vital that every single person using credit cards in this way seeks advice urgently to get the help they need to ensure they don’t lose their home.”

Over £3 billion of credit card balances will be transferred in the first three months of this year, according to recent research by Abbey, or £1,140 per card holder.

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