Man turns to IVA as only choice
Martin had £85,000 worth of debt and did not think he could repay it once he lost his job, yet he had a growing family to support and monthly repayments of £2,000. Speaking to the Daily Mail, he said that…
Martin had £85,000 worth of debt and did not think he could repay it once he lost his job, yet he had a growing family to support and monthly repayments of £2,000. Speaking to the Daily Mail, he said that…
According to the OFT report, PPI offers a poor rate of payout for claims – as low as 19 per cent – and many people who take out PPI on loans end up paying interest on both the loan and…
John Porter stated that while debt woes are on the rise, there is help out there for big and small problems. He said that while people in debt “are right to be concerned about finances as personal debt problems are…
The amount of people in England and Wales seeking to declare themselves bankrupt rose by 20 per cent and the total number of bankrupts reached 15,796. Commenting on the figures, Mark Sands, director of court work at analyst firm KPMG…
Mr Purnell warned that only 30 per cent of women retire on a full state pension, compared to 85 per cent of men and said that this needs to change to stop people retiring in debt. “The worrying reality is…
Continue reading the "Pensions minister calls for savings culture change" »
According to AA Savings, a third of people are concerned how they will cope financially while 15 per cent said they are “worried they won’t be able to make ends meet”. “Retirement used to be an occasion of celebration and…
Continue reading the "Debt worries force delayed retirement" »
The National Postgraduate Committee (NPC) found that 77 per cent of potential postgraduates from working-class backgrounds said that money worries put them off further study. “Debt is a major concern for students, especially those from lower socio-economic backgrounds,” said Simon…
Deborah Taylor had established a business which, after taking out loans, pushed her into £134,000 of debt, but since taking out an IVA she has already repaid a fifth of the sum. “It was a horrendous experience,” the web designer…
Continue reading the "IVA helps businesswoman out of debt" »
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