Mortgage holders put it on plastic
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More than a million people used credit cards to pay their mortgage or rent in the past year, according to an estimate included in a survey for homelessness charity Shelter.
Conducted by YouGov the survey asked some 2,000 adults whether they had used a credit card to pay their rent or mortgage in the past 12 months.
Some 6% of those liable for rent or mortgage payments used their credit cards to pay housing costs. Shelter calculates that this reflects a national figure of more than a million people paying in this way.
In London alone one in 12 households are resorting to plastic to pay the mortgage or rent.
Kay Boycott, director of policy and campaigns at Shelter, says: “If people are already struggling to the extent that they fear losing their homes it is clear that increasing their credit card debt is not a sustainable answer.”
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