| The Citizens Advice Bureau (CAB) has created two | | | | the monthly repayments. A vicious circle is created as |
| documentary films which are being released this week | | | | the stress increases and she goes shopping to relieve |
| and deal with the increasingly turbulent issue of mental | | | | the anxiety this creates. |
| illness in young people being created by debt worries. | | | | Again, it was only after she went and sought debt |
| Young people are particularly vulnerable as they tend | | | | advice that she was able to break the cycle of debt |
| to lack the experience of older debtors when it comes | | | | and stress and more debt and more stress. |
| to making sound financial decisions and handling | | | | This is the moral of the tale - seek advice and seek it |
| matters when things don't go according to plan. | | | | as soon as you realise you are in a financial situation |
| The films are aimed at showing younger people how | | | | which needs attention. |
| to avoid the debt trap and the attendant debt worries | | | | It does not matter how old or how experienced you |
| which come with spending too much on the credit | | | | are, the sooner you seek advice, the easier it will be to |
| cards and living for today when tomorrow is about to | | | | relieve the situation and get you back on the straight |
| arrive in the shape of credit card bills, late payment | | | | and narrow free of financial worries. Debt and financial |
| demands and summonses to court. The films are in | | | | issues are a primary source of mental illness in the UK |
| response to a study by YouthNet who looked at 16-24 | | | | and the effects on society as a whole have not been |
| year olds and suffered mental health issues due to | | | | able to be quantified because they are simply so |
| financial worries. The films look at two young adults | | | | insidious and so large. Divorce for instance, is usually |
| who find themselves slipping into the spiral of debt. In | | | | caused because of financial issues rather than |
| one instance, an unforeseen overdraft of just £1 | | | | adultery; the impact on families and society as a whole |
| leads to a total debt of over £600 as fees and | | | | is simply incalculable. |
| charges are added and mount up while the young man | | | | Fortunately, the law is on your side no matter what |
| continues to ignore warning letters. Ultimately, it is when | | | | age you are. There are numerous avenues for dealing |
| he seeks advice from the CAB that he is able to to | | | | with debt and strict rules governing how it may be |
| practically deal with the situation and get on with his life | | | | collected from creditors, specifically, you are not |
| free from the worry and stress the situation created. | | | | allowed to be harassed or threatened. Seeking |
| A young woman who is a self-confessed shopaholic, | | | | professional advice and guidance will help stop |
| finds she is no longer able to fund her shopping habit | | | | unwanted telephone calls, harassing doorstep collection |
| as store card after store card is used to the limit and | | | | visits from bailiffs and the river of letters demanding |
| then are leveraged against each other to pay back | | | | immediate payment or else! |