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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`

13% ‘have sought debt advice’

13/01/2009

13% of UK adults have sought debt advice, new research indicates – but just over half of those who are “very concerned” about their debts have not looked for debt advice.

With the UK’s personal debt standing at around £1.5 trillion, research from MoneyExpert.com has revealed that 30% of people questioned were concerned about their own personal debt.

“We always stress the importance of seeking debt advice in time,” said a spokesperson for Debt Advisers Direct. “In general, the sooner someone looks for debt advice, the simpler it should be for them to bring their debts under control.

“So on the one hand, it’s good to see so many people looking for help with their debt problems – but it is alarming to note that 51% of the ‘very concerned’ respondents still hadn’t asked for debt advice.

“Of course, debt advice in itself isn’t always going to be enough. Many borrowers may find they could significantly improve their financial situation through a professional debt solution – a debt management plan, for example, or a debt consolidation loan. The important thing is to talk to a professional debt expert before they commit themselves to anything.”

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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