Scores of debt-ridden young people in Surrey are declaring themselves insolvent before they reach their mid-20s and a debt adviser who works in Redhill has explained why.
New data shows a total of 1,413 people in Surrey either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017.
Of those, 83 were aged under 25.
Chris Gladstone, debt advisor for Community Debt Advice – a church charity based in Redhill – said: We havent had too much experience recently of young people coming to us for debt advice but we will often see youngsters with huge amounts of student debt.
We also see a lot of young people who have racked up a large amount of credit card debt. I saw a …
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