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"

`More people ringing Samaritans over debt worries`

02/10/2008

An increasing number of consumers in the UK are calling the Samaritans over concerns about debt, it has been suggested.

According to a BBC report, the organisation - which provides confidential emotional support to those in distress - has seen an increase in calls of 25 per cent compared to last year as a direct result of the credit crunch.

Shaun Kelly, outreach and communications co-coordinator at the central London branch of the organisation, said: "Debt is known to contribute to emotional distress and sometimes people in financial difficulty can consider suicide as a way out of the situation that they are in."

He added that is it "really important" for people experiencing personal finance problems to talk to someone about their situation, rather than keep it to themselves.

Meanwhile, pawnbroking firm Albermarle & Bond recently reported a rise in profits of 40 per cent compared to last year as consumers in the UK who are unable to access credit due to tighter lending conditions increasingly turn to selling their possessions.

---

Debt solutions experts http://www.DebtAdvisersDirect.co.uk/ provide debt consolidation loans, debt management and IVAs.

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