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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`

Take note of credit information to beat fraudsters

31/07/2008

British consumers have been urged to keep an eye on their credit information to avoid getting into debt, as application fraud rises by 47 per cent.

According to Equifax, citing Cifas, the UK`s Fraud Prevention Service, the first six months of 2008 saw cases of application fraud where new finance was granted almost double.

The identities of innocent people may have been used to commit the fraud, leading to fears of good credit ratings turned bad by criminals.

Neil Munroe, external affairs director of the group said the "unseen crime" nature of identity fraud means people do not realise they have been targeted until the damage has been done.

"More often than not you don`t know you have been a victim until you are rejected for credit or you receive a letter from a debt collector," he said.

Worried consumers have been advised to pay attention to their credit information using monitoring services such as those available from the company.

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