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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`

Bank called upon to help poor in debt

26/08/2009

The Royal Bank of Scotland (RBS) has promised to look at proposals for a low-interest credit card for poor people, after religious leaders met with them to discuss debt, churchtimes.co.uk reports.

Religious leaders from London Citizens - a community organisation made up of more than 130 civic and religious groups - met with Andrew Cave, Head of RBS Corporate Sustainability, to discuss the possibility of a low-interest card to help poorer people access credit without being left with debts they can`t afford to repay.

Senior Lecturer in political theory at London Metropolitan University, Maurice Glasman, said: "Our congregations are experi¬encing terrible issues with personal debt."

A spokesperson for Debt Advisers Direct commented: "It is important that anyone struggling with their debts takes action as soon as possible. Individuals struggling to afford their credit card repayments should seek professional debt advice before their debts grow any larger."

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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