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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

Budgets to be `squeezed` in second half of 2010

08/01/2010

UK families` budgets will be particularly `squeezed` in the second half of 2010, according to Martin Bamford of Chartered Financial Planners Informed Choice.

As moneyexpert.com reports, Mr Bamford predicts that the second half of next year will be the time when higher interest rates will impact on consumers - as will higher taxes and `peak` levels of unemployment.

People with debt management issues, he stated, should budget carefully and work to reduce their debts. "In the short-term," he said, "they should do what they can to pay off expensive unsecured debts, such as credit cards, which are likely to be used over the Christmas period."

One way of doing this, moneyexpert.com advises, might be to take out a zero-interest credit card - the interest-free period could provide a valuable opportunity to work on reducing the overall debt while there are no interest charges adding to it.

The Bank of England`s latest figures show that the nation`s citizens were collectively carrying £1.458 trillion of debt in October: £1.230 trillion of that debt secured against property and the remaining £228 billion in the form of consumer credit (`credit card lending and other loans and advances`).

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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