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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`

Unsatisfied energy customers `should switch now`

11/03/2009

Energy customers who are unsatisfied with their current terms should look to switch now, because `this is as good as it will get`, according to the Financial Times.

Several energy companies have recently cut their prices by an average of 10%, offering households an average saving of £60 per annum. However, customers are being warned not to expect further price cuts.

This comes despite independent analysts claiming that energy providers could cut prices by a further 10%, based on current wholesale costs, and still maintain average profit margins, The Times reports.

A spokesperson for Debt Advisers Direct said: "Switching energy providers can be a relatively easy way for billpayers to save money, especially given the recent price cuts. There are a number of websites that make this easy to do.

"However, we advise anyone having difficulty with their bills to consider why this is happening. If they`re struggling due to other commitments, such as debt repayments, then switching providers might not make enough of a difference - and more specific debt advice might be necessary."

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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