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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`

Credit card holders `paying off debts each month`

22/05/2009

The latest credit card spending figures from payments association APACS suggest that more card holders are only spending as much as they can afford to pay off at the end of the month, according to Equifax.

The credit reference agency believes this may be a sign that British consumers are focusing on paying off their debts in case they are made redundant.

Neil Munroe, Equifax`s external affairs director, said: "Maybe there is an expectation that their job may not be as secure as it was and therefore people don`t want to be caught out with no job and [high] borrowing."

He added that concerns about debt could also explain the rising popularity of debit card spending.

"People are moving to using what they know they have rather than borrowing on the basis that they have to pay [the debt] back later," he said.

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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