Archive for April, 2006

Consumers warned over mis-sold IVAs

by on April 19th, 2006

TweetShareIVAs, in which between 40 per cent and 80 per cent of a person’s possessions are recouped to recover as much of the debt as possible, are an alternative to bankruptcy. However, widespread concern has been expressed that profit-seeking companies convince consumers to take out IVAs when bankruptcy may be a better option. “Cases have [...]

Posted in Uncategorized | No Comments »

CCJ hotspots in the Midlands and the North

by on April 18th, 2006

TweetShareNew research from an online credit organisation has revealed that towns in Yorkshire and areas in the Midlands dominate the top 20 locations with the most CCJs per household. On average, one in 11 adults in the UK has a CCJ against their name – a figure that rises to as high as one in [...]

Posted in Uncategorized | No Comments »

‘Disconnect’ driving up British credit card debt

by on April 18th, 2006

TweetShareWith Britain passing the cumulative debt watermark of £1 trillion this decade amid a growing frequency of debt-linked problems, National Savings and Investment’s Elen Thomas says there has been an ideological shift where money is concerned. Describing the ease with which credit card spending is undertaken, Ms Thomas argued it was easy to deceive oneself [...]

Posted in Personal Debt | 1 Comment »

Bankruptcies up in the east of England in Suffolk

by on April 18th, 2006

TweetShareWhereas in 1995/6 376 people became bankrupt, 655 people fell victim to debt pressures in 2005/6. In particular those aged between 18 and 29 emerged as an increasingly vulnerable group, with the percentage of bankrupts coming from the young doubling since the new millennium. “More young people are going bankrupt because of things like student [...]

Posted in Bankruptcy, Debt and Young People | No Comments »

ClearDebt welcomes insolvency watchdog’s proposals on IVAs

by on April 5th, 2006

TweetShareClearDebt welcomes the proposals made on April 5 by the Insolvency Practice Council (IPC) for enhanced ethical standards for Individual Voluntary Arrangements (IVAs) – but thinks they should have been tougher: Commenting, ClearDebt CEO, David Mond, said: “We think that, in two key areas, the IPC should have gone further. First, we agree that face-to-face [...]

Posted in IVAs | No Comments »

Page 4 of 41234