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Government warns about rising credit card debt Debt - the 12-month view Amount of `bad debt` written off reaches 16-year high Deeper into debt: middle-class poverty Debt taken on by individuals increased in January Debt Relief Order (DRO) rules may be changed Overdrafts: five million Britons `permanently` in debt Mortgage lending drops to decade low The cost of debt falls Two thirds hope to have cleared mortgage debt by 50 40% of people approaching retirement `saddled with debt` Repossession `may be best` for homeowners struggling with debt Bankruptcies in Scotland - the worst may be yet to come Good news for people with energy debts US: new law provides debt-free date More debt taken on than repaid in December Savings rise as consumers pay down debt Household debt `could trigger another downturn` More families could fall into debt with energy companies Recession ends

A third of Britons claim to be `unaffected` by credit crunch

19/06/2008

Over a third (36 per cent) of British consumers believe the current economic downturn will not affect their lives, research by Zurich has revealed.

More than a fifth (21 per cent) of those questioned by the insurance provider think "credit crunch" is a media-created term and less than a third (29 per cent) of consumers have looked at their personal finances in light of it, a finding described as "worrying" by Zurich`s Tony Solomon.

The business development director of Zurich UK Life commented: "With the credit crunch bringing spiralling living costs, from fuel to food to interest rates, families are seeing their budgets stretched to the limit."

Obtaining advice and reviewing financial affairs is "crucial" according to Mr Solomon.

The survey, conducted by YouGov, found that over half of consumers (52 per cent) continue to think property is a good investment.

For the 18 to 24 age group, the highest financial priority was to own a car, followed by becoming debt-free with no credit cards or overdrafts.

Credit Action figures put the UK`s total personal debt at £1,436 billion at the end of April, an increase of 8.4 per cent in 12 months.

Government warns about rising credit card debt 05/03/2010 - The latest figures from the Bank of England (BoE) have Debt - the 12-month view 04/03/2010 - In January, UK citizens - between them - borrowed £500 Amount of `bad debt` written off reaches 16-year high 03/03/2010 - The latest figures from the Bank of England (BoE) suggest Deeper into debt: middle-class poverty 02/03/2010 - The recession has also affected a lot of people with