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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`

Third of struggling borrowers `hiding debt from loved ones`

08/04/2010

30% of people struggling with debt without seeking help are keeping the problem from their family and friends, according to a new report.

Insolvency trade body R3, also known as the Association of Business Recovery Professionals, found that 19% of those struggling "can`t even face opening their bills", with a further 21% saying they "didn`t know where to go for help".

R3 President Peter Sargent said: "Even after a long recession, people are still terrified to `own up` to debt problems. Yet this ultimately makes the issue worse."

An expert at Debt Advisers Direct emphasised the importance of not delaying getting help with problem debts.

"All delaying the problem does is gives the debts longer to grow, and on high-interest debts this can be especially serious. Struggling borrowers should discuss their situation with an independent debt adviser at the first opportunity."

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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