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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`

British `cut back on eating out` to reduce risk of debt

17/07/2009

Annual sales in the `eating out` sector are expected to decline for the first time in nearly 40 years, according to the Financial Times, as consumers look to cut costs and reduce the pressure on their finances.

35% of people in a survey by Allegra Strategies reported having cut back on eating out in the last 12 months.

A spokesperson for Debt Advisers Direct said: "Consumers have been cutting back on various non-essentials in order to save money and lessen the risk of getting into debt, and eating out is one area that is easy to cut back on.

"Cutting back on unnecessary costs like this can be a good way for people in debt to ease the pressure on their finances, but it often isn`t enough to turn their financial situation around. Anyone who still finds themselves struggling should make sure they get professional debt advice as soon as they can."

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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