Released on = July 15, 2006, 1:38 am

Press Release Author = Shakespeare Finance Limited

Industry = Financial

Press Release Summary = The young citizens of the United Kingdom are urged not to
develop a "credit habit".

Press Release Body = The young citizens of the United Kingdom are urged not to
develop a "credit habit". This appeal comes after the revelation of a new research
that one in five people between the age group of 18 and 29 are permanently
overdrawing on their current account.

London ( adverse-credit-debt-consolidation ) July 14, 2006: According to the survey
made uSwitch.com, one in five people between the age of 18 and 29 admit that they
permanently overdraw on their current account. That is why the young Brits are urged
not to rely on the cheap credit, which they are offered as students.

21 per cent of the people who were surveyed by uSwitch.com agreed that they are
permanently in debt. The average amount they owe is almost twice the national
average of 11%. It is found that over six million people within the age group have
overdraft facility. They think of the facility as "free money" because overdraft
offers are initially interest free.

Many students cannot but borrow on an overdraft, yet they should try to avoid
developing "credit habit", suggested by Nick White, head of personal finance at
uSwitch.com.

For additional information on the news, that is the subject of this press release or
(for a copy, demo or sample) contact webmaster or visit
http://www.adverse-credit-debt-consolidation.co.uk


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