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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`

Debt problems mount for UK consumers

04/02/2008

The UK`s debt problems have grown to an all-time record high, new research has revealed.

According to Credit Action, the average household owed £8,985 excluding mortgages in December, but that figures rises to £20,895 if the average is based on the number of households who actually have some form of unsecured loan.

Including mortgages, the average household in the UK owed £56,558, while 40 per cent of mortgage borrowers have debts in excess of £90,000.

Total UK personal debt rocketed to £1,409 billion during the last month of 2007, an increase of 9.3 per cent over the year.

Credit Action is a financial education charity.

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