The Citizens Advice and YouthNet charity groups are aiming to help young consumers around the country deal with and avoid debt management problems, it has emerged.
Via the internet and mobile phone services, the two organisations are to offer advice and information that should give young Britons a better chance of understanding their own personal finances.
Research is being carried out as part of the recently launched initiative that will aim to make the service more accessible to people aged between 16 and 25, many of whom are already faced with problems relating to debt management.
Part of the purpose of the scheme is also to help young Brits avoid “unscrupulous” money lenders who might ultimately leave them in an unfavourable financial position.
Citizens Advice deals with thousands of debt help requests each week in the UK and the organisation recently called for lenders to do more to help homeowners avoid having their properties repossessed.