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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"

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.”

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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).

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