National debt charity Consumer Credit Counselling Service (CCCS) has said it fears a rise in homelessness as almost three million renters have been found to be financially vulnerable. New research commissioned for the charity by the Financial Inclusion Centre has identified 2.9 million renters as in rent arrears or struggling to pay their rents. The charity expects the numbers of renters seeking help from it to rise and is concerned that many will end up homeless as a range of budget pressures such as high inflation, welfare benefit and tax changes as well as wage freezes will leave more people unable to save. It says that, unlike many homeowners, renters have not benefited from historically low interest rates. Read more on the CCCS website.
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