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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

Housing market - buyer interest is up

10/06/2009

A recent survey by The Royal Institution of Chartered Surveyors (RICS) reported that new buyer inquiries in May had increased - for the seventh month in a row.

The survey also showed that average sales were at their highest level since August last year, according to the BBC.

Despite the positive results, RICS spokesman Ian Perry noted that: "With the economic backdrop still quite uncertain, unemployment is set to continue increasing sharply and finance for first-time buyers is still in short supply, there are a number of significant obstacles for the market to overcome over the coming months."

A spokesperson for Debt Advisers Direct commented: "Mortgages may be relatively hard to obtain, compared with a few years ago, but today`s lower house prices do mean that the average first-time buyer needs to take on lower levels of debt in order to buy a property.

"Anyone thinking of buying a house but concerned about the thought of taking on a debt the size of a mortgage should discuss it with a professional adviser."

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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).

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