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.
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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