Check If You Qualify

Teenage Brits ‘Being Tempted into a Life of Debt’

Sharon McDougall - 4th January 2018 - 2 minutes to read

Many thousands of young Brits are being actively encouraged towards taking on debt and spending borrowed money even before they reach their 18th birthdays.

That’s according to the price comparison website, whose research suggests that roughly one in four 16 and 17 year olds in the UK have been offered credit cards or asked whether they’d be interested in access to credit.

That figure is based on the results of a poll involving 1,000 16 to 17 year olds, all of whom aren’t legal eligible to use a credit card until they turn 18.

Research by the same company also found that close to a third of 18 year olds in the UK already use either a credit card, an overdraft or a personal loan, with 54,000 having apparently already taken out a personal loan before they’ve reached the age of 19.

Meanwhile, around 27 per cent of the 16 and 17 year olds quizzed by said that they don’t feel completely in control of their finances.

The worry for many observers is that a growing number of young Britons are normalising debt at a very young age and accessing debt-based financial products almost as soon as they are legally able to do so.

“It’s vital that young people grow up to understand that money matters,” says Shakila Hashmi, head of money at

“Far too often we see a culture of spending being encouraged which the majority of youngsters simply cannot continue. It’s up to the banks to consider what products are being pushed to what people, and at what age.”

A recent report published by the UK Gambling Commission suggested that gambling is also becoming a serious problem among young people throughout the country.

In fact, the commission’s report said that there are roughly 25,000 people aged between 11 and 16 who could already be categorised as ‘problem gamblers’.

If you are struggling to cope with your financial problems for any reason then Scotland Debt Solutions may be able to help. Contact us directly to arrange a free and confidential consultation with one of our experts.

facebook colour icon twitter colour icon linkedin colour icon messenger colour icon whatsapp colour icon email colour icon
Sharon McDougall Square

Sharon McDougall


Other News

Debt Levels Soaring across Scotland, New Figures Show Debt Level Rising

Debt Levels Soaring across Scotland, New Figures Show

Levels of unsecured debt in Scotland increased dramatically during 2022 as the cost of living crisis took its toll on household finances.

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’ Financial Hardship

Nearly Half a Million Scots Facing ‘Profound Financial Hardship’

Close to half a million Scots are in a position of profound financial hardship, according to a new set of figures.

Scots with Disabilities Urged to Check Eligibility for New Benefits Scottish Man In Wheelchair

Scots with Disabilities Urged to Check Eligibility for New Benefits

Disabled people in Scotland are being urged by the government to check whether they might be eligible for benefits that could help make their life a little easier.


Why Choose Us

Usp Location

5 Offices in Scotland

National Coverage

Usp House

Ask us About

Home Visits

Usp Hand Heart

Helping Scots Get

Out of Debt Since 1989

Usp Handshake

We offer an

Instant Initial Consultation

Usp Palm Wallet

We'll Help You

Lower Monthly Payments

Usp Hand Heart


Out of Debt Since 1989

We'll give you a call

Our Scottish based team can help advise you on your debt problems.

Here at Scotland Debt Solutions we take your privacy seriously and will only use your personal information to contact you with regards to your enquiry. We will not use your information for marketing purposes. See our Privacy Policy.


Useful tools

Personalised Debt Report
Usp Planner

Personalised Debt Report

Our personalised debt report will help you better understand your financial position and see where your money is going.

Debt Report
Instant Scheduled Call & WhatsApp

Instant Scheduled Call & WhatsApp

Arrange a call with an expert advisor at a time to suit you or contact our team via WhatsApp for immediate help and advice.

Arrange Callback
Find a Local Office
Usp Signpost

Find a Local Office

We have five offices located across Scotland. Find your nearest one here.

Find an Office

Our Insolvency Practitioners are regulated by ICAS or the IPA and our firm is authorised and regulated by the Financial Conduct Authority

Fees and Information: There are fees associated with our services. These will be fully explained before entering into any of the personal debt solutions referred to on this website. Full details of our fees and how these are charged are fully explained to you prior to you committing to any particular service.

ICAS Insolvency Practitioners