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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`

`Expert help essential` when dealing with debts

04/10/2007

A major financial organisation has advised those in debt not to panic and to turn to expert help if they find their problems are becoming too big.

As personal debts reach record high levels, the Association of British Credit Unions (ABCUL) has claimed that financial institutions exist to help out those most in need.

Those in debt must make sure they avoid all unnecessary financial dangers, including taking consolidatory loans from a "door step lender". Careful analysis of all financial dealings, including loans, is essential so that the borrower does not fall into "unmanageable debt", the head of membership services at ABCUL claimed.

Lucia Webster added: "Often people who have looked in to their finances can see that credit is not what they need, but rather advice on how to manage their income more effectively."

ABCUL is a trade association for credit unions in England, Scotland and Wales.

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