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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

Household energy bills `could top £4,700 a year by 2020`

26/06/2009

Comparison site uSwitch.com has said that annual energy bills could reach £4,733 by 2020 if current price trends continue.

Since 2004, the typical yearly energy bill has more than doubled, rising from £580 to around £1,243 today, according to uSwitch.

Last year alone saw big rises in the price of gas and electricity. As a result, many customers on fixed direct debit price plans found themselves falling into debt on their accounts.

A spokesperson for Debt Advisers Direct said: "A lot of billpayers are still feeling the effects of last year`s energy price rises, and people will hope that price rises are less sharp than uSwitch has predicted.

"In the current climate, it`s important that anyone struggling to pay their bills speaks with a professional debt adviser, who could help them to clear 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