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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`

Online shopping up despite downturn

19/12/2008

New statistics have shown that, despite the recession, online shopping sales in November were 16% higher than in the same month in 2007.

Online sales were up by a quarter compared with October’s figures, with further increases expected in December, according to The Guardian.

The news may suggest that people are shifting their focus from the high street to the internet in order to minimise their risk of falling into debt.

A spokesperson for Debt Advisers Direct said: “Online shopping can be a great way of saving money and avoiding debt at Christmas time, although consumers should be aware that there is no guarantee of saving money, and should look for the best prices on the high street as well as online.

“It’s important that people understand the severity of the economy’s problems, and realise that getting into debt could prove even more troublesome than it has in the past. Anyone who finds themselves struggling with debt should 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