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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`

Registering to vote could improve credit rating

12/04/2010

An article in the Guardian reports how Britain`s credit reference agencies are urging people to register on the electoral roll - because it could help to improve their credit rating.

This advice could be particularly important for those who are worried about their debts - or their finances in general - and looking to improve their credit score.

The article reports that `if you are not on [the electoral roll], you may find it more difficult to get a loan, credit card or insurance.`

Whenever an individual applies to take on debt, their potential lender(s) will, in most cases, check the information recorded about their potential customer in the files of the three main credit reference agencies - Equifax, Experian and Callcredit.

This information will let the lender(s) know, among other things, whether the individual is up to date with their debt repayments, and they will use this to help them decide whether they want to lend to that person.

Registering on the electoral roll makes it easier for lenders to confirm an individual`s address/residential status and identity, which is vital information when it comes to applying for new credit.

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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