Home > News > Debt advice

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`

Biggest rise in retail sales in three years

13/05/2009

The latest figures from the British Retail Consortium (BRC) have revealed the best annual retail sales growth for three years last month, adding to speculation that the economy may be starting to recover.

Overall retail sales were up by 6.3% in April, compared with the same month in 2008, with like-for-like sales up by 4.6% over the same period.

The figures could indicate the beginnings of a recovery in the economy, following a downward trend in sales over the past 18 months as consumers made fewer purchases, trying to avoid getting into debt or other financial problems.

A spokesperson for Debt Advisers Direct said: "The figures may suggest that consumers are becoming more confident, but it will be some time before we can see if this really is the start of a recovery."

---

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