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February, 2010

• Debt Relief Order (DRO) rules may be changed [25/02/2010]
  The rules about Debt Relief Orders (DROs) may be relaxed, the BBC reports, allowing more people to clear `modest` debts
• Overdrafts: five million Britons `permanently` in debt [24/02/2010]
  According to comparison website moneysupermarket.com, five million Britons are permanently overdrawn, the Guardian reports, meaning they are always in debt
• Mortgage lending drops to decade low [23/02/2010]
  According to figures from the Council of Mortgage Lenders (CML), the amount of mortgage debt being taken on has dropped
• The cost of debt falls [22/02/2010]
  According to an article in the Telegraph, households have tightened their belts `as the time people spend paying off their
• Two thirds hope to have cleared mortgage debt by 50 [17/02/2010]
  Research carried out by The Co-operative Bank Mortgages has found that almost two thirds (62%) of mortgage holders hope to
• 40% of people approaching retirement `saddled with debt` [16/02/2010]
  According to the first `Real Retirement` report from insurer Aviva, two fifths (40%) of people approaching retirement aren`t saving any
• Repossession `may be best` for homeowners struggling with debt [15/02/2010]
  According to the Housing Minister, John Healey, repossession may be `the best thing` for some people struggling with their mortgage
• Bankruptcies in Scotland - the worst may be yet to come [08/02/2010]
  The number of Scots being made bankrupt because of unmanageable debts `could yet reach a new high despite a fall
• Good news for people with energy debts [04/02/2010]
  The owner of British Gas, Centrica, has confirmed that its customers can expect an average reduction of 7% on their
• US: new law provides debt-free date [02/02/2010]
  Thanks to a new law, credit card providers in the US will now have to tell their customers how long
• More debt taken on than repaid in December [01/02/2010]
  According to figures from the Bank of England (BoE), in December, the monthly amount of debt taken on through credit

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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 Rising household costs could pressure people in debt 10/08/2010 - The UK may be about to see a rise in