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Student hit by huge loan charges wrote suicide note on bank letter

A promising, young former student who had generated £8,000 in debts wrote his suicide note on the back of a bank letter.

Toby Thorn, 23, who was being hit by loan charges due to a £3,000 overdraft and £5,000 in debts took his own life surrounded by bank statements and final demands from Barclays.

The message on one statement read: "Thank-you to all my friends. I appreciate all your support."

He had been studying for a computing degree at Anglia Ruskin University in Cambridge, before dropping out half-way through his second year. He then rejoined in 2011 but left once again to start a business with some friends, while debts from his studies grew.

"The bank gave him a bigger overdraft but must have known he did not have a job and would struggle to pay the money back," said his mother Anne.

"I don't think Toby could see a future and that is why he decided to kill himself. Young people can't find jobs so they can't see a way out of debt."

Anne is now trying to raise awareness of the pressures of debt on young people.

John Fieldman
Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.ADNFCR-2776-ID-801500881-ADNFCR

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