Millions of young Brits are in danger of stepping into adulthood in debt, with one in four under-18s being tempted into credit cards before they can legally accept it.
A quarter of 16-and-17-year-olds said they’d been offered a credit card or had received material around personal loans in the past – despite the fact that they were underage.
By law, people below the age of 18 are not allowed to enter into their own credit card agreement – this includes taking out loans and purchasing items on credit.
However the fact that it’s being offered at a vulnerable age is enough to lure them into a life of debt – with those tempted, waiting to reach 18, to take up the invites.
In turn, comparethemarket.com found one in five end up re…
Read the full article at: http://www.mirror.co.uk/money/one-four-16-17-year-11654686