Monday, October 16, 2006

Experian report on insolvency

Experian explode the myths surrounding the rising tide of IVAs

"Insolvencies rose by two-thirds in the second quarter of this year, while IVAs, which make up almost half the total, soared by over 150 per cent. Our research shows that there are marked differences in the numbers and growth of IVAs and bankruptcies in different parts of the country and we have to ask ourselves why this is. There is evidence that consumers are being encouraged into IVAs without fully understanding the long-term consequences."

Posted by converted lurker @ 04:46 PM (528 views)
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One thought on “Experian report on insolvency

  • For me the increase is down to the way in which IVAs are marketed.

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