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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`

Three in ten with credit card debts `don`t plan to repay` them soon

13/11/2009

According to research by moneysupermarket.com, more than three out of ten credit card users aren`t planning to repay their outstanding credit card debt for over six months, headlinemoney.co.uk reports.

The news comes not long after the news that banks may increase the cost of using a credit card - which means borrowers could face higher interest rates and fees.

The price comparison site found that credit card users between the ages of 20 and 29 were least likely to repay their debts quickly, with 38% `content` to hold outstanding debt on their card for more than six months.

Peter Harrison, credit cards expert for moneysupermarket.com, said: "People must be extremely careful about carrying debt on credit cards for long periods of time - you don`t want to be paying for this year`s presents when the Christmas decorations are rolled out again next year; particularly as rates could be at new dizzy heights."

A spokesperson for Debt Advisers Direct added: "We would advise anyone struggling to repay their credit card debt to 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