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Young People and Debt Summative Assessment
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CCCS helps the people of all ages regardless of their age, status or finance circumstances.CCCs helps its clients more effectively. New methods of data capture are more effective than ever for CCSS to analyse its clients credit base effectively.

Young people attitude regarding credit has changed as peoples are availing credit in early ages due to different type of special discounts and lower prices are offered. It happened mainly due to explosion of credit providers in the 90s and 00s which resulted in competition.

By Comparing CCCS population as a whole, under 35s have more debts as compared to older people however those in age group of35-59 got debt due to their children and assets and as well as potential of high earnings in middle age having greater capacity of to get themselves out of debt or to live within their means.

More young people are associated with bankruptcy than ever before due to the fact that they have very little or no spare income in their salaries for debt management plan.
Bankruptcy statistics From DT1 for the first quarter showed record number of 10000 young people declared them as bankrupt. In Scotland an Investigation also reveals the fact that 60 percent of bankrupts were under 30s.

Due to economic conditions of the UK in past decade encouraged people to take out higher amount of debts resulting in doubled unsecured debt levels between 1995 and 2000.Economic downturn can accelerate unemployment to force people in to default on their debts.

Average persons requiring the services from CCCS are in late thirties having a job, rented accommodation or on mortgage having children and £28,300 worth of debt on 11 different credit products while a small proportion of age groups from 21 to 35 have mortgage.
Demand for CCCS services has increased 30 percent in 2004 as compared to that of

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