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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

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).

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