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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`

Supermarket petrol price war heats up

24/10/2008

All four major supermarkets today announced petrol price cuts, adding further fuel to the ‘price war’ that recently saw prices fall below a pound per litre for the first time in a year.

Asda and Sainsbury’s announced that they would be selling unleaded petrol for as little as 94.9 pence per litre, while Tesco and Morrisons said they would also reduce their prices. Petrol company Total has also joined the list.

The news will be a further boost to drivers, many of whom had been pushed towards debt over the last year by petrol prices that reached a peak of 119.7 pence per litre in July.

A spokesperson for Debt Advisers Direct commented: “Petrol prices falling below 95p is another milestone and will come as a relief to the many drivers pushed towards debt by fuel costs.

“But petrol prices are still quite high in real terms compared with previous years, and some people may still be struggling. We advise anyone who does find themselves struggling with debt to seek expert debt advice.”

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Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans 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