In order to avoid credit card charges, parents should encourage their children to be wise when it comes to using credit.That is according to Una Farrell, spokesperson at the Consumer Credit Counselling Service (CCCS), a charity for people who are in financial difficulty by providing free, independent, impartial and realistic advice.Ms Farrell was asked how parents can support their children financially.She said: "Help them plan, encourage the wise use of credit … Up until you're 18 you can't take out your own credit and then suddenly you can get a credit card."There are so many things open to you, people could rack up a lot of money on there and not necessarily understand how much it is going to cost them."Ms Farrell added that parents should make sure they do not rack up debt themselves in trying to help their youngster financially.Clydesdale and Yorkshire Banks recently revealed that 84 per cent of first time buyers rely on financial support from their parents.Samantha ClarkeSamantha is a former banking assistant and has over ten years experience in retail banking.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated
claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233,
whose head office and registered office is at Suite 2, Unit 25, The Coda Centre,
Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office. Registration number Z1728023
and holds a Credit Consumer License issued by the Office of Fair Trading license
Please note that calls may be recorded and email traffic monitored for the purposes
of security and staff training.
* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are
no upfront costs to pay. Our fee only becomes payable on a successful outcome of
a claim. A cancellation fee is payable if you decide that having instructed Belmont
Thornton to act on your behalf, and after 14 days of signing your Letter of Authority,
you do not wish to continue pursuing your claim with us. The cancellation fee is
the reasonable costs incurred for the work undertaken. Please see our terms of engagement.
By using our web-site, you agree that we can place the types of cookies described