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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`

Finance talk within couples "important"

20/02/2008

Financial planning within couples is "important" in order to avoid debt worries in the future, an industry expert has claimed.

A "full and frank" conversation is needed at all times regarding financial matters to avoid serious money problems, which could lead to debt consolidation schemes, the Hartford Life Limited stated.

Independent financial advisors are always on hand for expert views if major debt problems do arise, Mike Kalen, president and chief executive officer of the Hartford Life Limited, said.

Mr Kalen added: "What we are saying is that financial planning within couples is important and that communication is crucial - couples without a shared management style are couples most at risk financially."

The Hartford has over seven millions customers worldwide.

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