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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`

Job losses `leading to increase in debt problems`

29/05/2009

Job losses are leading to an increase in the financial problems experienced by consumers in the UK.

This is according to Barbara Shaw, manager of the Citizens Advice Bureau (CAB) in Witney and Chipping Norton, who said that the number of people seeking advice over debt issues has risen, the Oxford Times reports.

Figures cited by the publication suggest that West Oxfordshire has seen a rise of almost 300 per cent in the number of workers wanting advice about redundancies.

Ms Shaw stated: "We expect to see people who are losing their jobs, then people would be coming in worrying about the fact that they are in debt and the possibility of losing their homes and unfortunately then it would be about family breakdowns."

She added that the CAB is "very stretched" because of the increasing demand for its services during the recession.

Earlier this month, Transact suggested its members are reporting rising numbers of middle-income consumers seeking advice about debt issues.

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