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Tuesday, 7 July 2009
Categories:
Money and debt
Don't get into debt
by Don't get into debt
the interest just piled on
"I'm on benefits and everything just seemed to get really, really tight. All these people were emailing me about loans and they was like really low interest. It sounded really good, so I got one when I was 18 and when I got it all the interest just piled on.
I had to pay double the amount I’d actually got out and it was just really bad. It’s hard, it stresses you out all the time, it’s hard. To other young women I’d say “don’t go and get a loan because it cripples you, it’s really hard to keep up the payments".
fact
Financial abuse - such as forcing women to hand over wages - is a form of domestic violence; research suggests it is widespread
fact
In 2007, women aged 18 to 21 working full-time earned £6.96 and hour compared to men the same age who earned £7.28
fact
After having a child, many women become trapped in part-time, low-paid and low-status work
their stories
Seventeen-year-old Becky was in care and now, with YWCA's help, is turning her life around.
fact
84% of women in prison left school at 16 or younger
