Home > News > Debt advice

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

Gas price cuts expected

07/01/2009

Energy company Scottish Power has announced the launch of a cheaper gas tariff, raising hopes that other energy providers may follow suit.

The company is relaunching one of its fixed-price gas tariffs, reducing the price by 10%.

The price cut will be welcomed by billpayers, many of whom have been pushed towards debt by large price rises in 2008.

However, the price cut is still relatively small compared with last year’s price rises. The rise in gas prices amongst the major energy providers since Summer 2008 ranged from 22% to 35%, according to the BBC.

A spokesperson for Debt Advisers Direct commented: “Billpayers have been waiting some time for cuts to their energy bills, since wholesale energy costs began to fall months ago.

“However, the price cuts might not be enough to help those already struggling with debt. As always, we advise anyone worried about debt to seek expert debt advice as soon as possible.”

---

Debt Advisers Direct offer free debt advice and a range of debt solutions, including debt management plans, debt consolidation loans and IVAs (Individual Voluntary Arrangements).

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