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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"

Unemployment reaches 12-year high

18/06/2009

According to The Office for National Statistics, UK unemployment rose to 2.261 million in the three months to April, the BBC reports.

The total number of people actually in work fell by 271,000 over the three months to 29.11 million, which is the largest quarterly drop since comparable records began in 1971.

The jobless rate now stands at 7.2% - the highest since July 1997.

Ross Walker, the UK economist at RBS Financial Markets said: "It`s better than expected. It is probably still too soon to conclude that we have reached any turning point but it is moderately encouraging."

A spokesperson for Debt Advisers Direct added: "Although the latest figures are better than expected, they`re still worrying - especially for people in debt.

"People with outstanding debts have not only bills to pay and expenses to meet, but also debt repayments to make, and any loss of income could threaten their ability to do that, which could easily make a bad situation worse."

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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