Almost one million people have turned to payday loans to help cover their mortgage or rental costs over the last year.
The worrying research by Shelter shows the level of debt that people are getting into just to keep a roof over their heads.
Figures also show that almost seven million people in total are relying on credit in some form to help pay their housing costs, using payday loans, unauthorised overdrafts, other loans and credit cards.
The findings support recent research by the Post Office which found that millions of people are set to turn to their credit cards to see them through January.
Shelter is warning that the financial pressures of New Year could bring with it a risk of homelessness for people who are struggling to makes ends meet.
"These shocking findings show the extent to which millions of households across the country are desperately struggling to keep their home," said the charity's chief executive, Campbell Rob.
"Turning to short-term payday loans to help pay for the cost of housing is totally unsustainable.
"It can quickly lead to debts snowballing out of control and can lead to eviction or repossession and ultimately homelessness.
"Every two minutes someone in Britain faces the nightmare of losing their home. We urge every single one of these people now relying on credit to help pay their rent or mortgage to urgently seek advice."
Find the Best Debt Solution for you - Compare Debt Solutions
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
Moneyfacts.co.uk will, like most other websites, place cookies onto your computer’s
hard drive. This includes tracking cookies.