Home > News > Debt advice

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`

Single Brits `avoid debt problems easier`

25/02/2008

British consumers who find themselves to be single are also better off financially than their counterparts in relationships, new research has suggested.

The average British single person is £255.42 better off each month, according to a poll by Fool, which could help consumers seeking debt advice.

Those in a relationship spend almost double each month on takeaways and DVD nights in, compared with their single friends, while rent is often 40 per cent cheaper for single people.

David Kuo, head of personal finance at Fool, said: "Money can`t buy you love, but it can help to ease the burden as pay day gets further away and the bills start rolling in.

"We`re not suggesting that money will ever replace the warm glow we feel from our loved ones, but if you can`t be with the one you love, then learn to love your wallet!"

According to Credit Action, the average UK consumer owed £4,713 in personal loans and credit cards at the end of December.

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