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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`

Nearly half of Britons `would lend to a friend in debt`

29/06/2007

Many people in the UK would lend as much money as they could afford to a friend who had debts, according to a new study.

Research from CreditExpert.co.uk reveals that 42 per cent of people would extend some financial support to their friend who owed money - and this figure rises to 47 per cent in London.

Additionally, the survey indicates that 47 per cent of Britons would buy a drink for every member of a large drinking group, which etiquette expert Liz Brewer describes as overly generous behaviour.

It is better etiquette - and represents more responsible behaviour - to form smaller groups to pay for each other`s drinks, Ms Brewer explains.

Jim Hodgkins, managing director of CreditExpert.co.uk, says that such decisions can have implications on personal debt.

"We`re regularly faced with financial etiquette dilemmas and, as well as being important from a social standpoint, they`re also significant financially," he remarks.

"If you`re running up debts that you can`t pay off, you could be damaging your credit rating."

CreditExpert is run by Experian.

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