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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`

Lower online energy bills could help people in debt

25/09/2009

According to figures from uSwitch.com, the average online energy bill has fallen below £1,000 for the first time this year, headlinemoney.co.uk reports.

With energy suppliers again under pressure to lower their prices to take lower wholesale costs into account, Scottish Power has launched a new online plan costing an average of £975 a year.

As a result, the average online energy plan now stands at £988 a year - £251 cheaper than the average standard plan.

A spokesperson for Debt Advisers Direct commented: "Although energy bills are still a major expense, any reduction in the cost of energy is good news for billpayers - particularly those in debt.

"However, a reduction alone won`t be enough to help some people tackle their debts - so it is particularly important that anyone struggling to keep up with their financial commitments contacts a professional debt adviser without delay."

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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