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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`

People `hiding debts` from loved ones

13/08/2009

Some 18.5 per cent of people who are in debt and in a relationship are hiding the true amount of what they owe from their spouse or partner, according to new research.

And rather than seeking debt help or addressing their personal finance issues outright, some 3.59 million people across the UK say they frequently delay opening their bank statements and 3.93 million say they often miss bill payments, according to Sainsbury`s Finance.

Some 3.88 million Brits who admit their current financial situation is "awful" may be interested in considering a debt management solution.

The latest statistics echo new figures published this week by the Insolvency Service, which noted a total of 33,073 personal insolvencies in the second quarter of 2009.

It pointed out that this represents a 27 per cent increase on the same period last year.

Independent advice about the different debt management options available is always the best port of call, Sainsbury`s head of Money Matters Karen Horsburgh commented.

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