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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`s August figures show increase in debt

06/10/2009

According to figures from the Bank of England, the amount of debt owed by individuals increased in August, after falling by £500m in July.

The total debt carried by individuals increased by £700m, taking the total personal debt outstanding in the UK to £1.457tn.

Yet despite the increase in lending to individuals, `consumer credit` actually fell by a net £300m, implying that many people are taking action and tackling their unsecured debts rather than borrowing more.

Secured debt rose by £1bn, although the number of loans approved for house purchase actually fell from 52,404 in July to 52,317 in August.

A spokesperson for Debt Advisers Direct commented: "During an economic downturn, it is particularly important that people think carefully about their financial circumstances before taking on any debt.

"Anyone who is finding it difficult to repay their outstanding debts - whether they are secured or unsecured - should contact a professional debt adviser as soon as possible. The right debt adviser will be able to assess their situation and suggest an appropriate plan of action to help them address their debts."

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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