IVAs, in which between 40 per cent and 80 per cent of a person’s possessions are recouped to recover as much of the debt as possible, are an alternative to bankruptcy. However, widespread concern has been expressed that profit-seeking companies…
Continue reading the "Consumers warned over mis-sold IVAs" »
New research from an online credit organisation has revealed that towns in Yorkshire and areas in the Midlands dominate the top 20 locations with the most CCJs per household. On average, one in 11 adults in the UK has a…
Continue reading the "CCJ hotspots in the Midlands and the North" »
With Britain passing the cumulative debt watermark of £1 trillion this decade amid a growing frequency of debt-linked problems, National Savings and Investment’s Elen Thomas says there has been an ideological shift where money is concerned. Describing the ease with…
Continue reading the "‘Disconnect’ driving up British credit card debt" »
Whereas in 1995/6 376 people became bankrupt, 655 people fell victim to debt pressures in 2005/6. In particular those aged between 18 and 29 emerged as an increasingly vulnerable group, with the percentage of bankrupts coming from the young doubling…
Continue reading the "Bankruptcies up in the east of England in Suffolk" »
ClearDebt welcomes the proposals made on April 5 by the Insolvency Practice Council (IPC) for enhanced ethical standards for Individual Voluntary Arrangements (IVAs) – but thinks they should have been tougher: Commenting, ClearDebt CEO, David Mond, said: “We think that,…
Continue reading the "ClearDebt welcomes insolvency watchdog’s proposals on IVAs" »
We could have told them, maybe we should have told them. With the average age of ClearDebt’s debt analyser completers being 31, we could see that money troubles were more pronounced amongst the young. Now the Financial Services Authority has…
Fortunately, student loans can be included in an IVA – we’ve done several of these recently and had it confirmed today that the Student Loan Company is still looking favourably on reasonable IVAs. However, the person we spoke to in…
Continue reading the "Student loans: bankruptcy can’t help – but an IVA can" »
If you’d like to see more of what the papers say about Cleardebt (and what we’ve been saying to the papers), click on the links below. Daily Mail – on Debt and Young Women: click here Our latest Debt Survey:…
Continue reading the "What the papers say about ClearDebt" »
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