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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`

MP fears for people in debt

08/03/2007

Amid stories about rising bankruptcy rates in his constituency, an MP is calling for more responsibility from lenders, it has emerged.

Individual bankruptcies in Bradford in the last three months of 2006 were 85 per cent higher than in 2005, the Telegraph and Argus reports.

Bradford West MP Marsha Singh is urging banks to be responsible toward their customers and maintain free banking in order to prevent a further rise in bad debt.

Mr Singh told the publication: "Given that Bradford is one of the highest for people in the country getting into debt, I am very concerned.

"People are being given loans they cannot afford and banks are making huge profits."

Insolvencies throughout the UK during the last quarter of 2006 jumped 44.1 per cent from the same period in 2005, according to the Insolvency Service.

It was announced yesterday that a panel of MPs plan to investigate the future of free banking, as well as bank competition.

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