FinSu IVA

Latest figures show that debt enquiries to the Citizens Advice Bureaux have hit a all time high, increasing by 20% in the last year and bringing the total to 1.7 million in 2006/07. The number of debt problems brought to the bureaux has doubled in the last 10 years.

When you are struggling for money with debt repayment it can be very tempting to succumb to so called “easy options” such as ‘pay cheque’ loans or ‘pay day loans’ as they are sometimes called.

If you’re missing the repayments on your loans and credit cards there are some things you should think about before looking for debt solutions. Missing payments can lead to a bad credit rating which will affect your future chances of being rewarded credit, so it is important that you think your options through.

Debt can be a de-motivating factor in a person’s life that can stop you from getting a good night’s sleep. It doesn’t mean that debt should be never ending spiral. There are several methods to escape from debt. Here are some important starting points towards Reducing Debt:

Within the next three years, a lone parent whose youngest child reaches the age of seven, could be forced into debt when the government transfer their income support to jobseekers allowance and expect them to seek work.

When faced with insolvency, you need to know all your options. All debt solutions have advantages and positives, so how do you decide which process is going to be better for you? Here a few differences between IVA and bankruptcy.