TweetShareDeciding whether to opt for an Individual Voluntary Arrangement (IVA) (IVA) or bankruptcy depends on several factors, an industry insider has claimed. The head of restructuring and recovery at accountants Baker Tilly, Geoff Carton-Kelly, told the Telegraph that deciding which option to take centres on many considerations and “not just the size of your debt”. [...]
Archive for September, 2008
‘Several factors’ affect bankruptcy decisions.
by News Team on September 3rd, 2008
Newly married couples ‘could face debt’
by News Team on September 3rd, 2008
TweetShareNewlyweds could quickly get into debt after getting married, as they often don’t consider the costs of setting up a home, a loan company has found. AA Personal Loans reported that while 87 per cent of couples pay off the cost of the ceremony, the expense of moving in together is often poorly planned for. [...]
Households set ‘stricter budgets’
by News Team on September 2nd, 2008
TweetShareBrits are tightening up on their finances and debt management in the wake of the credit crunch, according to research carried out by Opinium Research for PayPal Top Up Card. In the survey, 57 per cent of people said that they now budget more strictly compared to a year ago. Despite this, while 42 per [...]
Maths ‘not the place to teach students about debt’
by News Team on September 2nd, 2008
TweetShareAlthough a new functional maths GCSE is supposed to teach pupils about dealing with money, the ifs School of Finance has claimed it “will do no such thing”. The organisation urged the government to create a standalone qualification in personal finance, rather than teaching it through the new maths subject. Due to be introduced in [...]
New mortgages at record low
by News Team on September 2nd, 2008
TweetShareMortgage approvals have fallen 71 per cent in a year, according to new statistics from the Bank of England. The number of new homeowner loans declined to a record low of 33,000 in July, compared with 114,000 in the same period last year. Remortgages also suffered a drop, falling from 80,000 in June to 69,000 [...]
Motorists borrow to finance new car
by News Team on September 2nd, 2008
TweetShareAround a third of people who plan to buy a new car would get into debt to fund it, a new survey has revealed. The Sainsbury’s Finance Car Buying Index found that 27 per cent of motorists intending to upgrade would get a loan to help them fund the deal. Of the total amount spent [...]
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