Home > News > Debt advice

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 problems could lead to a gloomy Christmas

15/12/2008

Debt might be a national problem, but some areas are affected more than others. The Harrow Observer reports on the town’s particular debt problems.

‘Personal debt, repossession and unemployment rates have rocketed in Harrow as residents prepare for one of the most frugal Christmases in decades’, the paper states.

22.8% of working-age adults in the borough are out of work, while nearby Uxbridge County Court saw repossession orders rise by 54% in the third quarter of the year.

Debt problems are affecting everything from shopping to relationships, with local retailers using words such as ‘quiet’ and ‘tough’ – and Hazel Hewett of relationship support charity Relate stating: “We have seen many cases of credit card debts getting out of control and relationships will be tested to their limits in these circumstances.”

“In so many cases,” a spokesperson for Debt Advisers Direct said, “people in debt are simply facing too many financial challenges, from rising utility bills to falling incomes. In the run-up to an expensive period like Christmas, it’s particularly important they seek expert debt advice and take steps to tackle their debt problems before they grow any further.”

---

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