SHELTER says 4 million paid Mortgage with Plastic

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CoverItAll

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Post by CoverItAll » Fri Jun 20, 2008 4:53 pm
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Mortgage Strategy has today reported that more than four million households have used credit cards to pay for their rent or mortgage in the last year, a report from homeless charity Shelter reveals.

The report, entitled Breaking Point – How Unaffordable Housing Is Pushing Us To The Limit, also warns that 2.8 million households have had to borrow money through loans or via friends and family to meet housing costs.

A worrying six million households are suffering stress and depression due to worries over meeting their mortgage or rental payments, says Shelter.

Shelter has appealed to the government to do more to help those households hit hardest by the credit crunch.

It has called for a reform of property taxation and for the Financial Services Authority to enforce rules surrounding lenders’ repossession behaviour.
John Tegg
john.tegg@dms4asu.co.uk
http://www.paymentcover.co.uk
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kallis3

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Post by kallis3 » Fri Jun 20, 2008 5:03 pm
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Why does that not surprise me? And does the Government care...........I doubt it!
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley.
http://kallis3.blogs.iva.co.uk
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