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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`

New vending machines `could encourage debt`

28/02/2007

Vending machines which are designed to take credit cards could be dangerous for people who are trying to get out of debt, an online credit card guide claims.

Although they may be convenient for people who do not carry spare change, the machines could also provide a "temptation" to spend, leading consumers to make purchases that "add up and cost more than [people] realise", according to Credit Cards GB.

The machines have so far been introduced in selected cities in the US and have proven to be popular, the company reports.

The firm comments: "The vending machines have gone down a storm so far and they are set to bring more business for its creators."

It seems that the trend for convenient payment technology has arrived in Britain as well.

The news follows an announcement by Barclays at the end of last year which details plans to introduce a payment system where customers pay for inexpensive purchases by waving their credit cards in front of a reader.

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