Young people to explore finance and credit

Young people who experience greater poverty and inequality are the focus of a new project, delivered by Young Scot and Carnegie UK Trust that will explore young people’s understanding and use of credit, and financial products and services.

Repay Right will seek to understand what young people who face greater barriers, see as key financial products in their lives.

Young people will have a key role in how the Repay Right is shaped and delivered. They will have the chance to share their experiences of financial credit, including loans, credit and store cards, contracts and any other financial products and services they use in their lives. This project also allows the young people to collaborate with representatives from a range of financial institutions to create ideas, solutions and prototypes that will be helpful to a young person’s financial needs.

This project is in partnership with Carnegie UK.

Louise Macdonald, Chief Executive of Young Scot said, “Financial support for young people is hugely important. Here at Young Scot we want to make sure young people are making the right decisions when it comes to finance. Through this project we can learn from young people and take that forward by collaborating with our partners to reach the best outcome for young people.”

Douglas White, Head of Advocacy at Carnegie UK Trust said, “We are delighted to be a part of this project. Access to affordable credit can be a real challenge for many people in Scotland, including young people.  This project will give young people the opportunity to talk about how they approach this challenge, the difficulties they experience and the choices that they have available to them. It will also provide a unique opportunity for young people to identify how better, more affordable credit options can be developed to meet their needs in the future.”

Young Scot is currently searching for young people between the ages of 16-24 to be a part of Repay Right, which will run from August 2017 – December 2017.

To find out how you can apply visit here.

Please download the flyer here.