Home > News > Debt advice

Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive` School focuses on "curing Ireland`s debt disease"

Consumers `worried over rising living costs`

01/09/2008

The general public is growing increasingly concerned over the rising cost of living in the UK, it has been suggested.

According to Keith Haggart, director of lifetime mortgages at Prudential, a survey conducted recently by the firm revealed that most consumers are worried about the effects of price inflation on their personal finances.

He said: "The vast majority [of people questioned] said they were very concerned about the effects of rising fuel, petrol and food bills."

In news that may not be welcomed by those with high levels of debt, figures produced recently by the Office for National Statistics suggested that the Consumer Prices Index stood at 4.4 per cent in July, compared with 3.8 per cent in June.

Meanwhile, the average cost of petrol rose by 1.2p per litre in July to 118.8p, while meat, bread, cereals and vegetables also saw price rises.

People concerned about their finances may wish to consider a debt consolidation loan as a means of easing the pressure of repayments.

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