Home > News > Debt advice

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`

New fund `could help reduce debt`

15/03/2007

New measures announced by the government yesterday could go towards reducing debt and helping people manage their money in a better way, according to Citizens Advice.

Teresa Pritchard, the charity`s director of policy, suggests that the new financial inclusion fund will help thousands of people who suffer from financial exclusion.

"Financial exclusion has a huge impact on thousands of the most vulnerable individuals and families in society," said Ms Pritchard.

"It can mean being in serious debt and not knowing how to get out, or not having a bank account, or not knowing how best to prevent financial problems."

She added that it is pleasing to see the government regarding financial inclusion as a high priority in its agenda.

Economic secretary to the Treasury Ed Balls announced the plans at an event held by the Resolution Foundation, an organisation that focuses on helping people with low incomes find ways to access financial services in the UK.

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