The parlous state of many tenants’ personal finances has been highlighted by website CompareTheMarket which claims that one in 10 rely on overdrafts to cover the rent.
The site’s research found two-fifths use their overdraft for emergency funding and nearly one quarter use them to cover the cost of everyday bills which is concerning.
Some one in 10 use them to cover rent, with a similar proportion using overdrafts to cover mortgages.
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