Archive for the ‘Debt and Young People’ Category

Schoolchildren ‘afraid of debt’

by News Team on April 25th, 2008

TweetShareSchoolchildren living in across the UK are afraid of facing financial problems and debt difficulties when they reach adulthood, it has been revealed. According to research by Abbey, close to one in five children aged between 11 and 15 are worried about being indebted when they grow up and the feeling is particularly prevalent among [...]

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Credit crunch could ‘see students struggle’

by News Team on April 24th, 2008

TweetShareThe effects of the credit crunch could eventually see students struggling as a result of the financial constraints placed on their parents. Many students face debt management issues soon after graduating and most rely to some extent on parental help with money and as the economy suffers mums and dads will be less able to [...]

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Citizens Advice offers new debt help

by News Team on April 21st, 2008

TweetShareCitizens Advice is offering a new resource to UK consumers who find themselves struggling to cope with their financial problems. A book entitled a Guide to Your Rights has been launched by the charity and in it are a variety of tips that could help some people avoid the prospect of debt management disaster. Citizens [...]

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FTBs ‘struggling more than ever’

by News Team on April 20th, 2008

TweetShareFirst-time buyers (FTBs) across Britain are struggling to cope with their debt management pressures more than they ever have before, it has been claimed. According to a report from Shelter, the average monthly mortgage payment rate has risen at more than three times the pace of typical wages among British households, which has left millions [...]

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Credit risks ‘ignored’ as Brits aim to boost their image

by News Team on April 18th, 2008

TweetShareMillions of British consumers are ignoring the risks to their finances and taking on debt in order to boost their own image, according to a new report. A study carried out on behalf of CreditExpert found that almost a third of people have overspent in an effort to appear more affluent and for many this [...]

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Financial woes ‘test family ties’

by News Team on April 17th, 2008

TweetShareFinancial problems among British consumers are testing family ties by forcing three generations to live under the same roof, new research has suggested. A study carried out recently by Prudential has shown that a third of all parents expect to see their children living with them until they are at least 21 years old, in [...]

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