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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`

Youngsters with debt management problems `cared for`

25/04/2007

Youngsters with debt management problems make up a number of the residents at a care home on the south coast, it has emerged.

Homeless people who have issues regarding money management and other family problems have been given a lifeline by RKdia in Knighton Corner, Horndean, reports the Portsmouth News.

Currently, 12 people between the ages of 16 and 25 reside in the home, but RKdia hopes that it can cater for up to 36 individuals, the publication indicates.

Linda Groves, managing the project to recruit more mentors at RKdia, said: "Our young people normally have some issues with debt management, or problems with their families.

"They are always homeless - or without anywhere permanent to live, they might be sleeping on a friend`s settee."
Mentoring can make a difference to these children and get them back on their feet, she added.

Debt management companies also offer advice to young people struggling with their finances.

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