Tenant debts `highest since 1980s`

The National Landlords Association has said that UK tenants have the highest levels of rent arrears since the 1980s, according to the BBC.

The group says that hundreds of thousands of tenants are falling behind with rental payments, largely due to the rising level of unemployment.

At least a third of the Association`s members were owed money at the time of the report.

A spokesperson for debt management company Gregory Pennington said: "It`s evident that increasing numbers of people are struggling with their essential costs, and when it comes to rent payments, the consequences can be particularly serious.

"Anyone who finds themselves struggling with debt should seek debt advice as soon as they realise they have a problem. The right debt solution could make all the difference when it comes to meeting payments."

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Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.