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`

British reliance on gas for energy growing

06/01/2009

New figures suggest that Britain’s dependence on natural gas is growing, at the same time as North Sea supplies are running out.

The new quarterly report from the Department of Energy and Climate Change shows that usage gas for domestic energy rose by 21% in Q3 2008, compared with the same period last year.

The price of natural gas has been of increasing concern for billpayers, with domestic energy companies raising gas prices significantly in 2008. This has caused financial hardship for many households, with around five million British households currently estimated to be in fuel poverty, and increasing numbers have been pushed towards debt.

A spokesperson for Debt Advisers Direct said: “Wholesale gas prices have fallen in recent months, and there have been calls for energy companies to cut their prices. But the falling supply of gas suggests it might not be long before wholesale prices begin to rise again.

“Our advice to anyone struggling to pay their bills is to contact a professional debt adviser as soon as possible. There are a number of debt solutions available, such as debt consolidation, that could help to reduce monthly outgoings and relieve some of the pressure.”

---

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