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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`

E.On cuts gas prices by 3.3%

16/07/2009

E.On, one of the `big six` energy companies, has cut its gas prices to UK domestic consumers by 3.3%.

The price cut, which came into effect on Saturday (4th July), represents a saving of around £25 a year on average, according to the BBC. It comes only three months after the company`s last price drop, when it reduced electricity prices by 9%.

The news will be welcomed by billpayers following last year`s large price rises, which caused financial difficulties for many.

A spokesperson for Debt Advisers Direct said: "Energy prices rose substantially in 2008, and this led to financial worries for a lot of people, particularly those already in debt.

"This price cut will help a lot of people, but it won`t actually solve anybody`s debt problems. Anyone having trouble repaying debt should discuss their situation with an expert debt adviser."

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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