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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`

Businesswomen turn down credit `to avoid debt`

26/04/2007

Women business owners who turn down the option of banks loans and lines of credit do so because they prefer not to carry debt, new research reveals.

Avoiding debt was one of the top reasons for female entrepreneurs rejecting these financial products as a source of financial capital, according to the US-based Centre for Women`s Business Research.

The study also indicates that the desire of women to not risk their family or personal assets was also a reason for rejecting these options.

Commenting on why women may not be taking advantage of all of the financial tools available, Marjorie Alfus, chair at the Centre for Women`s Business Research, said: "This may be due to a lack of knowledge about how to use these products or how to obtain them as well as a preference for avoiding debt."

"If we are to ensure that women-owned enterprises achieve their full economic potential, we must expand the financial coaching and training for all women business owners."

A study by Barclays Bank in October 2006 revealed that an increasing number of women are starting their own businesses in the UK.

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