Home > News > Debt advice

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`

"Private renters slipping into arrears"

11/08/2008

There has been an increase in the number of people facing rent arrears, Axa research has revealed.

A total of 13 per cent of UK private renters have found themselves in arrears in the past 12 months. Seven per cent of these have hit debt problems in the past three months.

The research, carried out for the insurer by YouGov, also found half of those questioned were worried about paying their rent in the future and 95 per cent of private renters have no income protection in case their income ceased.

Mike Keating, managing director of personal lines intermediary at the group – citing figures from Association of Residential Letting Agents – said: "While rental rates appear to have dropped marginally in the last few months it`s going to continue to be tough for many tenants."

This is due to the cost of living rising faster than average earnings, he explained.

In related news, Skelmersdale council has said arrears from council property tenants have risen recently, according to the Ormskirk Advertiser.

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