{"id":9896,"date":"2016-04-04T15:52:38","date_gmt":"2016-04-04T08:52:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/struggling-generation-rent-is-being-driven-into-debt\/"},"modified":"2016-04-04T16:03:32","modified_gmt":"2016-04-04T09:03:32","slug":"struggling-generation-rent-is-being-driven-into-debt","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/struggling-generation-rent-is-being-driven-into-debt\/","title":{"rendered":"Struggling generation rent is being driven into debt"},"content":{"rendered":"


\nFigures from charities reveal how people unable to get on the housing ladder are under pressure from overdrafts, loans and arrears in rentWith a soaring number of tenants falling into financial difficulties as they battle increasing rental costs, charities have identified a \u201cworrying trend\u201d of escalating debt for those who are frozen out of home ownership.Debt charity StepChange says the number of renters contacting it with difficulty paying off debt in the four years to 2015 more than doubled, rising 139%, in exclusive figures given to The Observer. The average sum owed is \u00a310,829 each, made up of unsecured debts including overdrafts, loans, credit card debt and rent arrears \u2013 which have reached an all-time high of \u00a3922. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Struggling generation rent is being driven into debt<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Figures from charities reveal how people unable to get on the housing ladder are under...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-9896","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2zC","jetpack-related-posts":[{"id":66996,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/young-people-worst-affected-by-debt-crisis-say-charities\/","url_meta":{"origin":9896,"position":0},"title":"Young people worst affected by debt crisis, say charities","date":"September 20, 2017","format":false,"excerpt":"\r Rent arrears, benefit changes and insecure work contributing to rise in number of young people seeking adviceDebt charities have reported a jump in the number of young people seeking help with bad debts as growing numbers of under-30s struggle to pay household bills, interest on bank overdrafts and rent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":89594,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fca-urged-to-extend-cap-on-payday-loan-fees-to-other-forms-of-credit\/","url_meta":{"origin":9896,"position":1},"title":"FCA urged to extend cap on payday loan fees to other forms of credit","date":"May 27, 2018","format":false,"excerpt":"\r Debt charities and MPs want action when City watchdog\u2019s 18-month review is publishedThe City watchdog is facing mounting pressure to extend its cap on payday lending fees and interest to a broader range of high-cost financial products before a major review of lending practices this week. Debt charities and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":59554,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mps-and-charities-urge-car-leasers-to-publish-sub-prime-loan-figures\/","url_meta":{"origin":9896,"position":2},"title":"MPs and charities urge car leasers to publish sub-prime loan figures","date":"July 2, 2017","format":false,"excerpt":"\r Fears over lending grow as 85% of new cars are financed using loans but car leasing lacks industry-wide figures for arrears and defaultsMPs and debt charities have called on the car leasing industry to reveal the number of people in arrears and defaulting on loans, amid fears that consumer\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-uk-debt-tide-is-rising-how-can-you-avoid-drowning\/","url_meta":{"origin":9896,"position":3},"title":"The UK debt tide is rising \u2013 how can you avoid drowning?","date":"August 14, 2017","format":false,"excerpt":"\r With total household borrowing now topping \u00a3200bn, we looks at options for those who find themselves in difficultiesCampaigners have long warned of the problem and it is now official: Britain has a growing debt problem at levels not seen since the global financial crisis almost a decade ago.Borrowing through\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":981,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-consumer-debt-reaches-seven-year-high-in-uk\/","url_meta":{"origin":9896,"position":4},"title":"New consumer debt reaches seven-year high in UK","date":"January 3, 2015","format":false,"excerpt":"\r Consumer helplines sound alarm bells as new borrowing on credit cards, loans and overdrafts in November tops \u00a31.25bn Consumer helplines have sounded a warning after Britons ran up their highest level of new debt in November for nearly seven years, with the month\u2019s borrowing on credit cards, loans and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-numbers-of-people-in-council-tax-arrears-say-charities\/","url_meta":{"origin":9896,"position":5},"title":"Record numbers of people in council tax arrears, say charities","date":"May 4, 2016","format":false,"excerpt":"\r Councils are too quick to pass debts to bailiffs, which should be a last resort, say StepChange and Money Advice TrustRecord numbers of people are falling behind with council tax payments, according to debt charities, which are calling for an halt to increasingly \u201caggressive\u201d use of bailiffs by cash-strapped\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9896"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=9896"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9896\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9896"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}