Released on = July 18, 2006, 3:58 am

Press Release Author = Shakespeare Finance Ltd

Industry = Financial

Press Release Summary = There are over six million people in the age group of 18 and
29, which have given an overdraft facility. These people are encouraged by the banks
with their initial interest-free overdraft offers. According to some market experts,
despite such conditions, credit scores can be improved with the help of debt
consolidation or credit card debt consolidation.

Press Release Body = As per a survey, young Britons are relying more on their cheap
credit cards, which are given to them as student credit cards. Use of such cards
have reached an alarming stage as it was found that one in five people between the
age group of 18 and 29 have already overdrawn on their current account. This current
trend is a result of some initial facilities provided by the banks like interest
free over-draft offers.

London (debt-consolidation-park) July 15, 2006: A survey done by uswitch.com has
revealed that young Britons are changing their buying habits due to their cheap
credit cards and consequently many of them are permanently overdrawn on their
current account. This can lead to some dismal consequences as the survey found that
21% of young people are permanently found in red, which is almost twice the national
average of 11%.

There are over six million people in the age group of 18 and 29, which have given an
overdraft facility. These people are encouraged by the banks with their initial
interest-free overdraft offers. According to some market experts, despite such
conditions, credit scores can be improved with the help of debt consolidation or
credit card debt consolidation.

Nick white, head of personal finance at uswitch.com quoted that, \"In most cases the
first time young people are introduced to credit will be in the form of an
overdraft, often interest-free, and understandably there is a temptation to utilise
what is on offer without thinking about the long term consequences.\"
For additional information on the news, that is the subject of this release (or for
a sample, copy, or demo), contact Webmaster, or visit
www.debt-consolidation-park.co.uk

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