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Students urged to avoid credit cards

Students should try and borrow "as little as possible" and should steer clear of credit cards in particular, says James Falla, director of Thomas Charles, an organisation which offers a free and confidential debt counselling service. With figures from Natwest suggesting that the average graduate owes £12,363 on leaving university, student debt is an increasing problemMr Falla warned students: "You have to live within your means." He said that although it was "very tough" for students to save while at university, but maintained that it was important for them to understand their budget. "If you can avoid taking out a credit card as a student then that is absolutely the right thing to do," he said, adding: "Try to get by borrowing as little as possible - it isn't easy but plan what expenditures you know you are going to have and live your life accordingly. "There are no magic wands to this unfortunately. The message is the same whether you are a bank manager, student, doctors or a nurse; live within your means."

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