Home > News > Debt advice

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 by individuals increased in January

01/03/2010

According to the latest figures from the Bank of England (BoE), the total amount of debt owed by individuals increased by £2.0bn in January.

The figures revealed that the annual growth rate in the amount of debt taken on by individuals increased to 0.8%.

Within the total increase, the amount of debt secured on dwellings rose by £1.5bn. This was above the increase seen in December (£1.2bn) and much higher than the previous six-month average of £1.0bn - pushing the twelve-month growth rate up to 1.0%, from 0.9% in December.

Consumer credit increased by £500m. Within this total, the amount of debt taken on through the use of credit cards increased by £200m, and `other loans and advances` rose by £300m.

---

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