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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

`Upsurge` in homeowners struggling to service mortgage debt

24/12/2009

According to the Housing Advice Service at Preston Council, there has been an `upsurge` in the number of Lancashire homeowners struggling to service their mortgage debt in the run-up to Christmas, lep.co.uk reports.

The Service opened 155 new cases in November - all of which were for people needing help with housing.

Six of those who contacted the Service within the space of a few days were owner-occupiers struggling with their mortgage debts - `unusual` for this time of year, according to housing bosses.

Senior Housing Advisory Officer at the Housing Advice Service, John Cameron, said that the recession `could be partly to blame`, but it could still take time before we see the `real impact` on homeowners.

A spokesperson for Debt Advisers Direct commented: "We would advise anyone struggling to afford their payments towards their mortgage debt to contact their mortgage provider and/or a professional debt adviser without delay."

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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