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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

Redundancy protection should be a "priority"

26/06/2008

A finance expert has recommended people cover themselves against redundancy in the midst of the credit crunch.

David Kuo, head of personal finance at money information site Fool.co.uk, said protecting yourself from the threat of redundancy "will provide some peace of mind".

"With the credit crunch nibbling away at economic growth, protection from redundancy may be more of a priority," he commented.

However, Mr Kuo advised consumers to shop around to find the best insurance deal and to make sure they are aware of any exclusions by reading the small print.

Last month, Fool.co.uk found a quarter of consumers try to self-insure by saving money for emergencies rather than taking out official policies.

Many consumers area also unaware of how much cover they have while spending over £1,500 a year on insurance, according to the research.

Recent findings from Deloitte indicate consumers are trying to save money on their insurance policies. The figures, obtained by YouGov, show people may cut back on travel, health and pet insurance and choose third-party motor insurance over comprehensive in the future.

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