Buying things you don't need with money you don't have?
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Money borrowed on a credit card needs to be repaid?!
March 31, 2007

Source: Mortgage Solutions
The discovery that one in 20 teenagers does not believe that money borrowed on a credit card needs to be repaid must have made debt counsellors’ hearts sink, while also reassuring educationalists that the introduction of lessons in finance into the school curriculum has not arrived a day too soon. A survey, published in February by the charity Personal Finance Education Group (PFEG), of 1,000 teenagers aged 14 to 18, found that by the time they were 17, more than half of those surveyed had already been in debt and 90% worried about their money.


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