Check If You Qualify

Renters Under Pressure as Covid Debts Mount Up

Sharon McDougall - 18th March 2021 - 2 minutes to read

Debt levels have been piling up for millions of people over the course of the pandemic and private renters are particularly likely to be feeling the financial strain.

That’s according to research and analysis by the debt help charity StepChange, which estimates that close to £25 billion worth of arrears and borrowing directly attributable to the Covid-19 crisis has been accumulated across the UK since the pandemic began.

Correspondingly, the number of people throughout the country believed to be in a position of severe problem debt is thought to have increased from 1.4 million to 1.8 million.

Among private renters, debt problems have been particularly prevalent, with roughly half having experienced a drop in their income since March 2020.

Nearly half a million people (460,000) living in the UK are thought to have fallen behind on their rent since the start of the pandemic, with around 150,000 expecting that they might be evicted from their homes over the next 12 months because they can’t afford to pay their rent.

A key issue is understood to be that high proportions of people who rent are employed within sectors that have been especially hard hit by the impact of the Covid crisis.

While both the UK and Scottish governments have introduced bans on evictions in recent months, there are growing concerns that huge numbers of people will still be struggling to cover their housing costs once those bans are lifted.

StepChange’s chief executive Phil Andrew has said: “The government’s own research shows that private renters have been hardest hit by the pandemic yet there was no reference to renters in the recent budget – a real missed opportunity to do whatever it takes to help a group so disproportionately disadvantaged.

“The government needs to build on the sticking plaster of extended notice periods, with urgent action to sustain tenancies threatened by Covid-related rent arrears.”

If you live anywhere in Scotland and you are worried about your personal debts then Scotland Debt Solutions can help. Contact us directly to arrange a FREE and confidential consultation.

facebook colour icon twitter colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall

Manager

Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.

About

Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart

HELPING SCOTS GET

Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.

Tools

Useful tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp
Headset

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners