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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 4m `still paying for last Christmas`

19/12/2007

One in ten Britons are seeking professional debt advice after not paying off what they owe from Christmas 2006, a new study has suggested.

The figures by MoneyExpert suggest that a total of 4.4 million Brits could still be suffering as a result of financial excesses from the last festive season.

Consumers aged between 35 and 44 are the most likely to still be suffering a financial hangover, with 16 per cent saying they have not paid for last Christmas. However, 54 per cent of British consumers said that they got into no debt during Christmas 2006.

Sean Gardner, chief executive of MoneyExpert, said: "It is not time to cancel Christmas but for millions of us it really is time to cancel some credit cards. We can all give into temptation at Christmas and put it on plastic but if the debt lingers from year to year you`re starting to get into trouble."

Last minute Christmas shopping is likely to cost Britons some £11.85 billion this year, according to Sainsbury`s Bank.

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