Help for young people with debt...

HatTip

Hi all,

I'm new here, so hello, been lurking occasionally but decided to post now! I've been looking around the web to find help for young people with debt, there's so little out there!

Almost a year ago my brother's friend got himself in debt regarding a payment for a PC and the debt mounted with interest and he ended up owing 4 figures, which for a 17-year-old is devastating. He was down for quite a while and got depressed about this and he told his close friends after many months and one of his friend's parents stepped in and gave some advice. But I imagine not everyone is so lucky as to know people who know hot to help or people they can even talk to about this - it was embarrassing for the lad and he kept it bottled up for ages.

I was wondering if anyone knows any sites out there that do give support for young people with debt? I found one site for young people, Bold Creative (forum won't let me post a link, but it's in the blog section), who do videos and things to help young people (bit trendy ) which I saw last night that put up a blog post about this with a video urging young people to go the Citizens Advice Bureau.

Does anyone else know any sites that help with this or relating things? Thanks for the help! :money:

chevalier

not as far as i know but i believe Martin has written a youth guide. have a look on the main site. alternatatively send them here. we are a friendly bunch here
chev

corbyboy

How did a 17 year old get finance?

Tixy

Martin's teen cash class is a good starting point for teens (and some adults as well)
http://www.moneysavingexpert.com/family/Teenagers-cash-class

I think radio 1/switch had something similar - a teen money guide

HatTip

Thanks so much guys, I've favourited the cash class, thanks!


coryboy: I don't know the ins and outs of it, but I'll check it, I think it was just payments he owed to Dixon's for a computer, I only heard it form my brother, who doesn't know much about this stuff.

Thanks very much for all this.

david_hellier

If he lied about his age, he could be liable. However Dixons, have a responsibility to ensure he was 18 at the time any Agreement was signed.