Two million UK households missed or defaulted on at least one mortgage, rent, loan, credit card payment or bill last month.
New analysis has found that out of these, 700,000 people had missed their housing payments as the cost of living crisis continues to bite.
The research by consumer group Which? showed the 7.3% missed payment rate seen in April was in line with the level seen at the same time last year, but was higher than in April 2021, which was 6.5% and April 2020, 5.2%.
