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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

Families facing debt this winter

25/12/2009

A survey by children`s charity Save the Children suggests that the majority of parents in households earning less than £30,000 per year are going to `struggle to manage this winter`, the BBC reports.

More than half (52%) of the 1,006 parents questioned said they would turn to high-interest debt to cover their costs over the winter months.

The research found that 27% of families on low incomes said that this winter, they would have to take on debt to cover the cost of fuel bills, 22% said they would have to take on debt to pay for warm winter clothing, while 21% said they would have to borrow to pay for `other essentials including food`.

The majority expect to take on up to £500 of debt to cover their costs this winter, and believe it will take them more than 12 months to repay it.

32% of the families surveyed said that their greatest worry was that they would struggle when it comes to paying back their debt, while 26% worried that they would be pushed further into debt.

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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