Young People Opt For Debt Relief Orders

Figures from the Insolvency Service of England and Wales show that, faced with insolvency, young people are more likely to opt for a Debt Relief Order (DRO) to deal with their debt problems than any other age category. A quarter of the 44,000 people who have entered a Debt Relief Order since 2009 are between the ages of 25 and 34 years old.

Now people in this age group – particularly those with young families – are being urged to seek help immediately if Christmas spending has pushed them into unmanageable debt.

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