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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

UK recovery `to start in 2010`

16/06/2009

The UK economy will begin a `slow and gradual` recovery in 2010, according to the Confederation of British Industry (CBI).

The CBI said that GDP (Gross Domestic Product - a measurement of economic health) will contract by 3.9% over 2009, followed by growth of 0.7% in 2010.

Mr Lambert said: "The return to growth is likely to be a slow and gradual one; difficult credit conditions are still affecting business behaviour.

"For positive growth to return, lenders need to feel more confident so that credit can start flowing again."

Over recent months, the economy has been hit by low levels of lending combined with risings costs of living and unemployment, as well as increasing numbers of people facing serious debt problems.

A spokesperson for Debt Advisers Direct said: "The recession has caused financial difficulties for a lot of people, and although economists are beginning to talk about economic growth again, many will still find paying all of their bills and debt repayments difficult.

"Anyone struggling with debt should speak to a professional debt adviser, who can help them to find the best way of tackling their debts."

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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