The initiatives planned to be taken on by IVA providers in England and Wales will aim to see a reduction in what have been viewed as misleading advertisements. And the proposals have been welcomed as good news by the British…

On reporting its first financial figures recently, the Money Debt & Credit Group indicated that it anticipates more and more Brits will turn to IVAs as a way out of their mounting personal loan and credit card debts. Part of…

People should make sure they are aware of the potential implications of entering into either an Individual Voluntary Arrangement (IVA) or bankruptcy arrangement, suggests James Jones, consumer affairs manager at Experian. Advice from impartial professionals can prove invaluable in such…

Industry ought to “take account of and look to try to tackle” the tendency among consumers to find credit management an impossible task, Mr Jones suggests. But the finance expert did maintain that for the most part British credit consumers…

In the past four months fewer people have entered into IVA agreements with creditors as a result of an overall stabilisation in personal debt levels, according to PricewaterhouseCoopers (PwC). The accountancy firm, which considers about 50 per cent of IVA…

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…

James Alexander, co-founder and chief executive of online marketplace Zopa, claims that securing massive profits at the expensive of consumers – an increasing number of who are now turning to Individual Voluntary Arrangements (IVAs) or declaring bankruptcy – has become…

Defaqto anticipates a “backlash” from banks in response to consumer and regulator pressure to cut charges as Individual Voluntary Arrangements (IVAs) continue to soar in popularity. “I will be very surprised if free banking is universally available in two years…