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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`

Energy firms ‘could afford price cuts’

12/12/2008

An energy price comparison site has said that energy companies could afford to pass on price cuts of around 19% to customers on standard tariffs next month.

Energyhelpline.com said that it does not expect price cuts until after the winter, but predicted we could then see price cuts of between 10% and 20%.

Energy companies have come under increasing pressure to cut the price of gas and electricity in recent months, following a decline in the wholesale price of oil and natural gas.

A cut in energy prices would come as a relief to the many British citizens pushed towards debt by the significant price rises seen earlier this year.

A spokesperson for Debt Advisers Direct commented: “Energy prices have put household finances under enormous pressure in recent months. Any reduction in these bills could have a big impact on the finances of British citizens.

“Of course, any reduction in energy prices will not directly help reduce existing debts. We advise anyone struggling with debt to seek expert debt advice as soon as possible.”

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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