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Payday loans 'used to fund rent and mortgages'

Housing charity Shelter has claimed that hundreds of thousands of people are borrowing from payday lenders to meet rent or mortgage payments.

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Govt: Shelter figures 'based on small number of calls'

The Government has dismissed claims by housing charity Shelter 19% of home owners are forced to borrow from credit cards, payday loans or friends and family in order to pay their mortgage.

Housing minister Kris Hopkins said Shelter's figures were "based on a small number of calls to their helpline" and pointed to a fall in the number of repossessions and evictions as evidence of a stabilising market.

The economy is improving and rents are falling in real terms. Repossessions and evictions have been kept down by the Government's long-term economic plan, so landlord possession orders remain lower than under the previous administration.

Moreover, we have provided £470 million of central government funding to ensure we continue to have a strong safety net against homelessness.

I would urge people with money worries to get early help and advice so they have the most options available to them.

– Housing minister Kris Hopkins

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