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Consumers `increasingly experiencing debt problems` Over-50s `better at managing credit card debt` New banking rules `may restrict access to loans` UK `must reduce consumer debt` 700k `on Debt Management Plans` Recession `could lead to financial problems for retirees` Charity sees increase in debt, mortgage and loan arrear enquiries Retirees` finances `may be damaged by rate cut` Consumers `aiming to reduce spending` People `increasingly turning to illegal loans` Children raised in credit crunch `may be better able to manage money` Many parents `pushed into debt by adult children` Young people `failing to protect themselves for debt repayments` Consumers in East Midlands `relying less on debt to fund lives` Plans set out to help people in debt PPI ban `could leave consumers without loan cover` Govt `must step in to stop debt addiction` Cash-strapped Brits `see fraud as more acceptable` People `should not rely on mortgage rescue plan` Consumers `to take out £3bn in debt consolidation loans by Easter`

Cash-strapped Brits `see fraud as more acceptable`

04/02/2009

UK consumers struggling with their personal finances - potentially including those with high level debts - increasingly see insurance fraud as acceptable.

This is according to figures produced by commercial insurer RSA, which found that 4.7 million Britons do not view making a false claim as wrong.

Nine months ago, 3.6 million UK consumers did not think such behaviour was wrong, meaning there has been an increase of just over one million.

John Beadle, counter-fraud manager at RSA, stated: "I am concerned that people are still failing to acknowledge that committing insurance fraud is a serious offence.

"Many that commit this crime do so in the belief that it is a victimless way to make money but, ironically, they are costing honest customers over £1.6 billion a year."

Meanwhile, figures produced recently by LV= suggested that the financial pressure of raising children has caused 23 per cent of parents to cancel or review their life insurance and income protection cover in a bid to save cash.

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