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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"

Managing finances online can help fight against debt

15/09/2009

Moneysupermarket.com has claimed that managing their personal finances online can save consumers around £500 a year, according to The Telegraph, helping to protect against debt in a difficult economic climate.

The price comparison site`s research cited a range of services, such as home utilities, savings accounts and insurance, that were simply more economical online.

The research follows a report by uSwitch that claimed people paying for energy once a quarter by cash or cheque were paying on average £224 a year more than people who managed their accounts online.

A spokesperson for Debt Advisers Direct said: "For people in debt, finding the cheapest deals on essential services - and the best interest rates - can make a huge difference. In this case, £500 saved is £500 more to put towards debt repayments.

"Of course, finding cheaper deals alone won`t be enough to help everybody`s situation. Anyone struggling to manage their debts should seek advice from an expert debt 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).

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