Report On Credit Issues And Young People

REPORT ON CREDIT ISSUES AND YOUNG PEOPLE

Contents

Introduction
Procedure
Findings
3.1 What point of reference is and types of credit
3.2 Causes
3.3 Consequences
3.4 The component of CAS
4. Conclusion
5. Recommendations

1. Introduction
This report is produced for an agency who are specialised in transaction with young community and debt. The reason and aim of this report is due(p) to the recent studies and figures of people and debt, there is a worrying apparent motion that the proportion of young ones involving in debt increasing time by and by time, so the agency needs to find out what fountain this problem and the way to solve it.
The report is to outline what credit is and the different kinds of credit, the easy availability of credit relating to young people and debt, the reasons of the problem, and the results of it, with relevant statistics.
2. Procedure
Information for this report was based on:
condition from The Sunday Herald 13 November 2005: Teenage shopaholics are acquire into a life weighed down by debt
Information from ride Adviceguide: Debt - In Scotland: Credit
Information from CAB Adviceguide: Debt in Scotland: Dealing with debt
hypertext transfer protocol://www.cas.org.uk/
http://www.cas.org.



uk/Resources/CAS/Migrated%20Resources/Documents/PI%20Help%20yourself%20-%20debt
http://www.nus.org.uk
3. Findings:
3.1 What credit is and types of credit-
Credit is borrowed currency that you can use to corrupt things you need when you need them and thusly repay the funds back at an agreed time. Interests may be charged and there may also be cost to pay.
Credit sale is probably the most putting surface type of credit we cross everyday, with buy now pay later and sometimes interest free credit supplied by shops, it is much easier to purchase high value of goods such as kitchen, 3D TV when you do not have that much money purchasable to spend. The advantage is once the contract is made between the supplier and the customer, the good belongs to the customer even the repayment is not made,...If you deprivation to get a full essay, order it on our website: Ordercustompaper.com



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