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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Brits `wasting money` by not shopping around

11/06/2008

Nearly half of British consumers paid too much for their home insurance last year as they did not shop around for better deals, a new study has revealed.

According to research by Tesco Personal Finance, 44 per cent of Brits spent an extra £26 million last year as a result of paying too much on home insurance products.

At a time when finances are tight and debts are increasing, the company has urged consumers to make sure they look around the market first before settling on a deal - whichever sector of industry they are looking to purchase in.

The company`s Paul Baxter said: "Regardless of how loyal you are to your current home and contents insurer - you should shop around at each renewal to make sure you get the cheapest and most appropriate insurance for you."

Recent research from Swift Cover found that many female drivers are paying over the odds for their insurance premiums, despite taking up offers from so-called `female friendly` companies.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according