Banks “accommodating” to IVA seekers

Speaking in the wake of Citizen’s Advice figures indicating that the number of people looking for debt advice has risen 15 per cent in 12 months across England and Wales, Mr Ketchell claimed banks tend to be willing to help when his organisation gets involved.

“Generally most creditors, when they realise someone is in a situation where they cannot meet their repayments, are quite accommodating,” Mr Ketchell said.

However, the CCCS spokesman did go on to point out that there are instances of miscommunication among banks or creditors, which can cause problems for those searching for a debt solution.

First set up in Leeds in 1993, the CCCS acts as a charity and now has debt advice centres around the UK.