Home > News > Debt advice

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

Over 50s `reluctant to talk about debt problems`

09/05/2008

Older people living in the UK prefer not to discuss money issues unless they have to, according to a survey by Saga Personal Finance.

Only 14 per cent of over 50s enjoy conversing about money-related issues in public, while 21 per cent of their younger counterparts are happy to discuss their finances.

Sixty per cent of people will openly talk about who they conduct their banking with and 38 per cent will admit whether they have a pension.

Fewer than one in five people over 50 will take financial advice from their friends.

Andrew Goodsell, chief executive of Saga Group, said: "Talking about your finances to your peers can be a useful exercise, however taking financial advice from friends, colleagues and even family, whilst with best intentions, is often ill advised."

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