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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`

FLA figures on debt and credit

06/10/2009

Figures from the FLA (Finance & Leasing Association) have revealed that the amount of debt consumers are taking on has decreased.

However, although it`s `down by almost £11 billion on last year`, the consumer credit market does seem to have stabilised.

The data showed that in the 12 months to July 2009, `new business written by FLA members` (including secured and unsecured loans, credit and store cards and motor finance) fell by 17%.

In particular, the figures highlighted the fact that the `lack of affordable wholesale credit` has made it very hard for people to secure debt against their home, with lending in this area down 83% in the last three-month period alone.

A spokesperson for Debt Advisers Direct commented: "It is encouraging to see that people are taking on less debt. Still, it`s important to recognise that credit can be extremely useful - when used wisely, it can allow people to do things they wouldn`t normally be able to.

"Many people, however, find that their debt has become unmanageable. Anyone in this situation should contact 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