Young women in debt; a dire need of solution arises

Released on = August 18, 2006, 4:48 am

Press Release Author = SFL

Industry = Financial

Press Release Summary = A recent survey showed that women between the ages of 21 and
25 have an average debt of £3,830. The outcome of this can be disastrous as more and
more people are failing to repay and this would only add up to the no. of people
seeking debt consolidation loans.

Press Release Body = London (debt-consolidation-for-the-stressed) 16-08-06: A survey
conducted by the women's magazine 'More' stated that women between the age of 21 and
25 have an average debt of £3,830.
John Porter of The Debt Counsellors, a debt help group says: \"For young women to be
mounting up debts like this is worrying, to say the least. They are creating a
financial time bomb for themselves as interest will keep on building and borrowing
becomes a habit."
Credit is so easily available these days, which leads to accumulation of debts. The
\'want now, pay later\' culture would eventually take a toll on these young
individuals.
Porter further adds; \"There are measures you can take to reduce debts and work
towards becoming debt free again. Anyone worried about their debts should get
professional advice.\"
Clearing your debt can be tough, but with professional help or easily available debt
consolidation loans, you too can manage your finances efficiently without falling in
the debt trap again.

For more information on debt consolidation and easing the tension surrounding debts,
contact webmaster or http: www.debt-consolidation-for-the-stressed.co.uk




Web Site = http://www.debt-consolidation-for-the-stressed.co.uk

Contact Details = United Kingdom

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