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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`

Debt taken on through credit cards down 8.2%

02/12/2009

Figures from the British Bankers` Association (BBA) have revealed that the amount of debt taken on through credit cards in October was 8.2% lower than this time last year.

In October, new spending on credit cards totalled £5.7bn.

Meanwhile, the amount of credit card debt repaid was 6.3% lower than this time last year - with £6.0bn being paid off in October.

The amount of debt taken on through personal loans totalled £1.2bn in October, which was 36.0% lower than a year earlier.

A spokesperson for Debt Advisers Direct commented: "Credit card debt can end up costing considerably more to repay than expected - it`s important that anyone struggling to repay their debt contacts a professional debt adviser before it becomes unmanageable."

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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