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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`

Loans still not available at normal levels

20/10/2008

There’s good news and bad news in the global money markets, as BBC business editor Robert Peston reports in his blog.

The good news is that ‘The two trillion pounds of taxpayers’ money that governments all over the world have put behind the banking system, both in the form of capital injections and guarantees for lending between banks, has reduced the perceived risk of banks going bust’.

The bad news, though, is that banks are still wary of lending to each other. They’re still charging each other a lot of interest for inter-bank loans, despite the recent half-point cut in the base rate. The knock-on effect of this is that a lot of loans to ordinary consumers aren’t getting cheaper yet.

“This doesn’t mean that debt consolidation loans and other forms of credit aren’t available,” said a spokesperson for Debt Advisers Direct, “but today’s economic situation means it’s more important than ever to get the right advice first.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation and IVAs (Individual Voluntary Arrangements).

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