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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 news: rent arrears expected to grow in 2009

12/12/2008

Most landlords are expecting their tenants’ debt problems to grow in 2009, according to research from the National Landlords Association.

71% of landlords expect rent arrears to increase next year, as tenants struggle to cope with their debts in a worsening economic climate.

In turn, this could affect the landlords’ own ability to keep up with their mortgage payments, potentially putting properties at risk of repossession.

“Whatever debts a tenant is facing,” said a spokesperson for Debt Advisers Direct, “rent is one of the most important monthly bills. Rent, like mortgage, comes under the category of ‘priority debt’, so the consequences of non-payment can be severe.

“In many cases, people find they can’t afford their rent because servicing their non-priority debts (credit card debts, unsecured loans, etc.) takes up so much of their income – but they may find there are ways of reducing the amount they’re spending on their non-priority debts.

“The important thing is to seek expert debt advice as soon as it looks like their debts are starting to get out of control.”

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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