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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`

Cost of servicing fixed-rate mortgage debt at six-year low

10/03/2010

According to figures from the Bank of England (BoE), the cost of servicing a two-year fixed-rate mortgage debt fell to a six-and-a-half-year low in February, The Independent reports.

The figures revealed that the average cost of a two-year loan fell from 3.97% in January to 3.88% in February - its lowest level since July 2003.

The cost of servicing a five-year fixed-rate mortgage debt also fell, with this dropping from 5.56% in January to 5.49% in February.

Meanwhile, despite the improvement in mortgage rates, the cost of servicing unsecured debt increased or stayed the same in February. The average interest rate charged on credit card debt increased to 16.51% in February - up from 16.37% in January.

It marked the fifth month in a row during which the average interest rate charged on credit card debt has increased or stayed the same.

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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