Young People Warned About Debt Risks

Many young Brits are putting their financial futures at risk by trying to fund a fashionable lifestyle that is beyond the reach of their wallets, it has been claimed. Cliff D'Arcy, a personal finance commentator, has stated that debt in itself is not the root of such young people's problems - it is overspending that causes them to build up their borrowing until it is no longer manageable. To avoid getting into a situation where a consolidation loan might be necessary, he suggests avoiding impulse buying and ensuring that money is spent as efficiently as possible. "Try and get more bang for your bucks, " Mr D'Arcy explains. ...

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