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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`

`Upsurge` in homeowners struggling to service mortgage debt

24/12/2009

According to the Housing Advice Service at Preston Council, there has been an `upsurge` in the number of Lancashire homeowners struggling to service their mortgage debt in the run-up to Christmas, lep.co.uk reports.

The Service opened 155 new cases in November - all of which were for people needing help with housing.

Six of those who contacted the Service within the space of a few days were owner-occupiers struggling with their mortgage debts - `unusual` for this time of year, according to housing bosses.

Senior Housing Advisory Officer at the Housing Advice Service, John Cameron, said that the recession `could be partly to blame`, but it could still take time before we see the `real impact` on homeowners.

A spokesperson for Debt Advisers Direct commented: "We would advise anyone struggling to afford their payments towards their mortgage debt to contact their mortgage provider and/or 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