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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`

People `avoid debt by borrowing responsibly`

15/05/2007

People are becoming more responsible with their credit cards, which helps them avoid debt, the spokesperson for the UK trade associations for payments said today.

Mark Bowerman, spokesperson for Apacs, was commenting after a CreditExpert study indicated that nearly one in ten Britons has taken out another credit card to repay debts on an existing card.

He explained that people "are becoming more responsible" with credit card spending, which is evidenced by the fact that consumers use their debit cards more frequently than their credit cards.

Additionally, he said that "responsible borrowing" could help people avoid getting into debt, which should be accompanied by "responsible lending" on the part of the card provider.

The percentage of people who pay their bills completely every month hovers around 59 per cent, remarked Mr Bowerman.

In related news, Apacs recently announced that contactless credit and debit cards would be rolled out from September 2007.

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