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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`

April brings price rises

03/04/2009

The price of petrol isn`t the only expense to rise in April. All kinds of things - from making a phone call to watching TV - have become more expensive.

As the AA (Automobile Association) pointed out two days ago, the increase in fuel tax means the average family with two petrol cars will need to pay an extra £50+ per year for their petrol.

As thisismoney.co.uk reports, major water companies have increased their charges by an average of 4.1%, adding £13 to the average annual bill.

BT, meanwhile, has raised the monthly line rental cost to £12.50, up from £11.50. And the cost of a call (by landline, during the day) has gone up by 15% to 4.5p per minute.

Prescriptions in England are up 10p; colour TV licences are up £3; black-and-white TV licences are up £1…

"In itself, each increase may not make much of an impact on a household`s budget," said a spokesperson for Debt Advisers Direct, "but the overall effect of all these price rises can be significant. For anyone already struggling to keep up with their essential expenses and payments to their debts, even a small increase can make a big difference.

"It`s important to remember that not everyone is benefiting from today`s low inflation figures - someone who`s renting or paying a fixed-rate mortgage, for example, won`t benefit from the lower mortgage costs which everyone`s talking about."

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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