Almost one million people resorting to payday loans to cover housing costs - Shelter

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Published by Jon Land for 24dash.com in Housing and also in Bill Payments

Almost one million people have used a payday loan to help pay for their rent or mortgage over the past 12 months, according to research published by Shelter. The charity is stressing the dangers of turning to short-term, high interest credit as a way to help meet housing costs. Campbell Robb, Shelter’s chief executive, said: “Payday loans may seem like a quick fix, but the huge interest charges mean things can quickly spiral out of control. We know it can feel like there’s no...

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