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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`

High debt levels `highlight importance of financial planning`

02/03/2007

Consumers are becoming more conscious of the need to plan their finances, according to a group of financial advisers.

This growth in awareness may be a result of an increasing number of people looking for advice about how to get out of debt, suggests the Association of Independent Financial Advisers (AIFA).

People who have serious financial problems or are looking for debt solutions sometimes turn to financial advisers, said AIFA spokeswoman Tracey Mullins.

This decision to seek help could reflect a rise in awareness regarding planning their finances.

"I think it is true that people are getting more used to the whole issue of financial planning. It may be because they have issues with debt," said Ms Mullins.

Some 1.4 million Britons who are shouldering more than £10,000 of unsecured debt claim that they are `quite likely`, `likely` or `certain` to take out an individual voluntary arrangement or declare themselves bankrupt, according to Credit Action.

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