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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`

Debt levels `on the rise`

13/10/2008

As the credit crunch continues to impact on the personal finances of UK consumers, debt levels across the country have increased.

This is according to Unbiased.co.uk, which has produced figures indicating that consumer borrowing shot up to £5.9 billion in the second quarter of this year.

Compared with the same period in 2007, this represents an increase of £757 million.

Meanwhile, the British public was also said to have borrowed 15 p for every pound saved over the three months.

"With the credit crunch firmly gripping financial markets, it is now more important than ever for consumers to take control of their finances," stated Unbiased.co.uk chief executive David Elms.

He added that it is crucial that consumers begin to rein in their spending and ensure that their savings are "working hard" for them.

Research released recently by AXA suggested that eight million working women do not have critical illness cover, life insurance or income protection in place, meaning they may be putting their families at risk of future finance problems, potentially including debt.

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