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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`

Nearly a third `can`t cope with financial pressures`

25/03/2008

As many as 30 per cent of British consumers do not think that they can cope any longer with the state of their finances, a new survey has revealed.

Furthermore, five out of every six Brits feel that they are under pressure financially, with many increasingly looking to debt consolidation schemes to get them out of trouble.

The research from MoneySupermarket also found that just 16 per cent of consumers did not have any financial worries at all.

Tim Moss, head of loans and debt at the company, said: "I am really surprised by the extent of worry out there. Close to a third of Brits have obviously been really spooked by the budget.

"There is little doubt many Brits will find their annual road tax as high as the value of their car as from next year, creating a massive headache for people who are really struggling."

According to Credit Action, the average UK consumer owed £4,748 in personal loans and overdrafts at the end of January.

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