Tuesday, Jan 15, 2008
Wow! that's quite a spike, hope Xmas was worth it...
Firstrung: Individual Voluntary Arrangements (IVAs) up 67% in a month
Terry Balfour, director of IVA.com believes that hard pressed households, many of whom are still clearing their plastic debt from Christmas 2006, will eventually buckle under the onslaught of bills timed to arrive this week. "January is the cruellest month when it comes to bills, this explains why we are experiencing such a surge in queries for IVAs. And with similar reports filtering from the industry about the number of phone calls/emails about debt advice, we predict it will outstrip 2007's total of 110,000 insolvencies, when £1.3bn was written off in bad debts as a result of individual voluntary arrangements."
Posted by converted lurker @ 11:48 AM (149 views) Add Comment
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