1 million paying for homes by card

More than 1 million householders have used credit cards to pay their mortgage or rent in the last 12 months, a new survey by LPW reveals today. Despite restrictions on credit and reports of many people paying off personal debt, an exclusive YouGov poll for LPW magazine reveals a disturbing picture of over a million people taking desperate measures with credit cards to keep a roof over their head. The highest proportion of those who pay their rent or mortgage through credit card were from working class professions (8% of those in the C2DE social grouping), but the poll also showed that middle/upper class (ABC1 category) are falling victim, with 4% of respondents saying they use credit cards in this way.