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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`

Over 25 percent `pay too much on home insurance`

20/11/2007

One in four homeowners fail to shop around for home insurance, causing many consumers to spend more than they have to, new research shows.

A total of 26 per cent of homeowners did not get a quote from another insurance provider last time they renewed their insurance, meaning they could be failing to spot good deals on the marketplace, statistics from Sainsbury`s Bank show.

As a result, consumers may be forced to seek debt advice if home insurance costs are too high. Meanwhile, 45 per cent of homeowners said they were happy with their provider after looking elsewhere for quotes.

Steve Johnson, head of home insurance at Sainsbury`s, said: "Despite the fact that home insurance premiums are reportedly on the rise, products vary dramatically and there are some cracking deals out there if people take the time to evaluate what`s on offer."

Research from Sainsbury`s Bank published earlier this month showed that nearly 19 million people in the UK do not know the rate of interest on their savings accounts.

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