Friday, 19 March 2010

£500 of Rent Arrears Is 'Tipping Point to Disaster'

Low income households are at greatest risk of falling into unmanageable debt once their rent arrears cross the £500 threshold, a council chief has warned. Chris Elliott, Chief Executive of Warwick District Council, says a study of council rent arrears levels within the District indicates what could be regarded as a ‘tipping point to disaster’, which councils need to be more proactive in tackling before it becomes too late. The study looked at patterns of rent arrears and other factors affecting households with high levels of debt. It found that family breakdown, coupled with a failure to claim the benefits available and limited access to affordable credit facilities were often at the heart of the problem. Read the full story on the 24dash website.

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