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People Are Relaxed About Debt
James Ketchall, a spokesperson from CCCS, said that issues such as high student loans have contributed to a relaxation in attitudes towards debt.
“Once people are used to the idea of debt then its easier for them in the future, to take up credit cards and personal loans, because the stigma has already been removed by taking out student loans during university,” he said.
To avoid falling into debt he stated that ensuring there was “a tight reign” on outgoings was vital.
“It’s important for people to realise that they need to be able to pay back what they are borrowing,” he added.
As stated previosuly on this site, make sure you have good control of your finances so that you can be in better shape moving forward into the future. If you are already in debt – then work to Beat Debt, starting today!