As many as seven million British consumers are struggling to meet their debt repayment commitments, according to recent research. Figures compiled on behalf of accountancy firm KPMG show that almost one in four people around the country find it difficult…
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The number of people in the UK who opt to enter Individual Voluntary Arrangement (IVA) will increase over the course of 2008, it has been claimed. According to debt solution provider ClearDebt, an agreement on relevant protocols between the Insolvency…
Creditors were to blame for the fall in the number of people entering an Individual Voluntary Arrangement (IVA) last year, according to David Mond, chief executive of ClearDebt. Mr Mond is convinced that thousands of consumers have been denied access…
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The Conservative Party has blamed prime minister Gordon Brown for the rising level of personal bankruptcy in the UK, it has emerged. According to the Tories, it has been Mr Brown’s lack of competent management of the economy that has…
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The latest figures showing insolvency rates in the UK only demonstrate the tip of the iceberg that is the country’s debt management issues, it has been claimed. During the fourth quarter of last year, close to 25,000 people entered an…
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Industry standards have been established to reassure consumers of the conditions they can expect when considering an Individual Voluntary Arrangement, it has been announced. The British Bankers’ Association (BBA) states that borrowers who are in need of debt help can…
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As the new year gets underway and people receive their final bills of 2007, many will have trouble coping with the cost of Christmas spending, says Myvesta UK. A spokesperson from the non-profit organisation advises those struggling with holiday debt…
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The number of people applying to enter an Individual Voluntary Arrangement (IVA) looks set to increase this year, according to one expert. With credit deals more difficult to attain and the cost of borrowing likely to increase, Chris Tapp from…
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