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For Yasmine Ibrahin it began with a pair of £90 trainers from ASOS. The Nike Air Maxes were her first purchase using Klarna, one of the increasingly popular ‘buy-now, pay-later’ payment providers. But it was far from her last. Soon the Sussex University English student, then 21, found herself spending around £100 on clothes and … Read more
VICTORIA BISCHOFF: Young people are getting stuck with debt habits that could ruin their financial futures By Victoria Bischoff for the Daily Mail Published: 22:00 BST, 11 February 2020 | Updated: 09:41 BST, 12 February 2020 There is something deeply sinister about cashing in on the pressures faced by young women today. I remember well … Read more
Graduates are now leaving university with debts so high they are unlikely to ever pay them off — perhaps even if they go straight into a job paying £48,000. The cost of getting a degree now lumbers students with a colossal average debt of £50,000, and high interest rates mean most won’t pay it back … Read more
Struggling travel firm Thomas Cook flies into turbulence over the sale its £1.6bn debt pile The value of the firm’s debt dropped to less than two thirds of its original value This implies there are doubts over the firm’s ability to pay them back Some of its debt has been sold to City investors as company … Read more