Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

More homeowners take in lodgers to cover credit card charges

A growing number of UK homeowners are being forced to take in lodgers in order to cover their monthly credit card charges and other debts, it has been revealed.

New research conducted by has indicated that January was a record month for people renting out rooms in their homes.

Indeed, the website saw 6,000 property owners advertise their spare rooms to potential lodgers during the month, which was an 83 per cent increase on figures for December 2011.

It also represented a 15 per cent rise on the previous record month - which was August 2011.

This is hardly surprising when statistics recently released by the Bank of England are taken into account, as it declared that record numbers paid off their credit card debts in December 2011, repaying a total of £377 million.

Director of Matt Hutchinson said the economic downturn has forced Britons to take drastic measures.

"Millions of people across the UK will be struggling to pay off loans and credit card debts - and that's on top of paying ever-increasing living expenses," he remarked.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801294867-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide