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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`

Petrol prices drop to nearly £1 per litre

16/10/2008

British drivers were offered some relief from rising costs of living this week as petrol prices across the UK reached as low as 101.9p, following sharp drops in oil prices.

On Monday, the average price of unleaded petrol stood at 107.1 pence per litre, with diesel costing 118.6p per litre on average and 112.9p from the cheapest sellers, according to petrolprices.com.

Falling oil prices appear to have encouraged many petrol retailers to lower their own prices. According to the Financial Times, oil prices last week dropped to below $85 per barrel, the lowest level since October 2007.

A spokesperson for Debt Advisers Direct said: “A fall in petrol prices is always good news for drivers, and economists are predicting that oil prices may fall further yet, which will be a relief to the many drivers pushed towards debt by fuel costs.

“However, there are still a lot of people struggling with the rapidly rising costs of living that we have seen over the past year. As always, we advise anyone who finds themselves in debt to seek expert debt advice as soon as possible. Depending on their circumstances, a debt consolidation loan or other debt solution could help them cope with the pressures on their monthly budget.”

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Debt Advisers Direct provide debt consolidation loans as part of a range of debt solutions. If you are struggling with debt, contact one of our expert debt advisers today.

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