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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`

Insolvencies `peak in the new year`

15/08/2007

The "peak times" for insolvencies are early in the new year, around February and March, an independent financial adviser has said.

People run into problems when they put off saving for the Christmas and holiday season, according to Richard Sheppard, head of pensions at AWD Chase de Vere.

"They have good intentions, but it never happens. Every year … the clients that I come across say that [getting into debt at Christmas] is never going to happen again and they`re going to start saving straight away, but spending always exceeds savings," he remarked.

Setting up a direct deposit so that some money is automatically transferred into savings can help prevent running into debt problems, he added.

A recent survey by Britannia Building Society revealed that Britons plan to spend an average of £620 next Christmas.

Just under half of respondents said they had not started saving for the holiday period yet.

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