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Home-owners turn to credit cards to make mortgage repayments
Posted in Finance
January 15, 2010
January 15, 2010
A charity has revealed that over the past year up to one million households borrowed money using a credit card to pay mortgage repayments or rent.
According to the housing charity Shelter, this figure represents 6 percent of UK homes, which was described as a "shocking discovery".
The survey carried out by the charity questioned 2,022 people
Shelter said that while those in lower social groups were more prone to using their
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credit card repayments,
mortgage repayments
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