MORE than 360,000 people in the North East are relying on credit to help pay their rent or mortgage, according to new research.
The YouGov survey, for homeless charity Shelter, found people were having to use pay day loans, unauthorised overdrafts, credit cards or other loans to keep a roof over their head.
The charity warned that the new year could bring with it a risk of homelessness for those struggling with housing costs.
Chief executive Campbell Robb said: “These shocking findings show the extent to which thousands of households across the North East are desperately struggling to keep their home.
“Turning to short-term payday loans to help pay for the cost of housing is totally unsustainable.
“It can quickly lead to debts snowballing out of control and can lead to eviction or repossession and ultimately homelessness.
“Every two minutes someone in Britain faces the nightmare of losing their home.
“We urge every single one of these people now relying on credit to help pay their rent or mortgage to urgently seek advice.”