12 March 2010 Archive

Young people 'opening multiple overdraft accounts'

Almost one in ten 18 to 24-year-olds have at least three bank accounts with an overdraft.

Young people could be risking their financial wellbeing by taking on multiple bank accounts with overdraft facilities in a bid to maximise their access to credit, a new report has warned.

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Consumers with particularly large debts have a range of options available to them when it comes to attempting to clear them and lead a normal life again.

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