Citing Department for Constitutional Affairs statistics, Preston Today reports that almost one third more people chose the IVA rather than be forced into a bankruptcy situation. And this trend is represents a cultural change in the attitudes towards debt management…

A new banking code should stipulate that consumers are notified two weeks in advance before any charges are taken from an account and banking groups should end their “reliance” on so-called hidden charges, the independent organisation makes clear. The calls…

Chairman of Debt Free Direct Mike Blackburn told the Telegraph that the continuing rise in Individual Voluntary Arrangements (IVAs) being entered into nationwide has been fuelled by excessive and inappropriate bank lending. And with the same banks expected to announce…

Senior economist at the Centre for Economics and Business Research (Cebr) Jonathan Said expects to see price inflation and rising mortgage payments across the country put significant pressures on British incomes. As a result, debt levels look likely to rise,…

The political organisation calls itself “the party of Wales” and has made the announcement in response to what it perceives to be the serious and growing problem of personal debt. According to recent figures released by the Council of Mortgage…

Training and regulation will be offered by the DRF to its members, which will promise to give suitable advice to their clients, make charges transparent and keep a watchful eye over the content of advertisements, reports Accountancy Age. Chris Holmes,…

Stephen Gerlis echoed the much-held view that the rise in insolvencies and repossessions is due to the fact credit is too readily available and that the rising cost of living is not being reflected in real income growth. The result…

Melanie Giles, a leading insolvency practitioner, who has worked in the industry for over two decades, said that IVAs are something which consumers have become more aware of thanks to the media. “The reason why there are so many IVAs…