FROM OTHER NEWS SITES
DAILY TELEGRAPH University maths 'too difficult' for British students - Thu, 09 Feb 2012 23:52:30 GMT
University maths 'too difficult' for British students - Fri, 10 Feb 2012 00:01:11 GMT
FINANCIAL TIMES Eurozone dismisses Greek budget deal - Thu, 09 Feb 2012 18:58:47 GMT
Eurozone dismisses Greek budget deal - Fri, 10 Feb 2012 00:07:16 GMT
BBC NEWS BBC News - Business - Fri, 10 Feb 2012 00:00:23 GMT
BBC News - Business - Fri, 10 Feb 2012 01:09:35 GMT
Poll
Current Issues
New Issue
Special supplement
Special supplement
Jobs
Jobs of the Week
Upcoming Events
NACFB: Maximise Your Membership Roadshow, Bristol
IVAs surge in January
Already Individual Voluntary Arrangements (IVAs) are up 67 per cent on December's figures, triggered by Christmas overspending, says IVA.com
Terry Balfour, director of IVA.com believes that hard-pressed households – many of whom are still clearing plastic debt from Christmas 2006 – will buckle under the onslaught of bills timed to arrive this week.
He said: “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."
The average IVA debtor in 2007 owed just over £50,000, but Balfour said that this figure could be significantly higher as 2008 unwinds
- Nation's housing stock worth £4.0 trillion
- Investors shun traditional markets
- FSA welcomes Listing Regime debate
- ifs unveils financial degree programme
- Ten-year fix from Scottish Widows
- 500 free leads in January
- LTVs still being dropped
- Onlyleads.com offers 25 per cent discount
- FSA to meet with EC at Compliance Conference
- Enterprise adds Kensington exclusives
- N&P trims fixed rate range
- Homebuyer provides protection workshops
- BDS streamlines broker service
- Green is the new black for lenders