http://www.ivahelp.co.uk/iva-articles IVA and Debt Article Resource Tue, 20 May 2008 14:37:50 +0000 http://backend.userland.com/rss092 en There has been a stark rise in the number of people declaring personal bankruptcy and entering into IVA agreements within the Northern parts of Britain. According to accountancy group KPMG, certain areas within the North have seen instances of Bankruptcy more than treble during the first quarter of 2008. Both Newcastle ... http://www.ivahelp.co.uk/iva-articles/iva-and-bankruptcy-increases-in-the-north-of-england.html Thousands of credit card borrowers across the UK are having there spending limits restricted, or in the more severe cases their accounts closed completely. However very few providers have been forthcoming with their customers as to why these changes are taking place. According to recent research, almost 3 million card borrowers ... http://www.ivahelp.co.uk/iva-articles/card-service-withdrawal-may-increase-debt-exposure.html An independent financial journalist has recently revealed that a large proportion of Britain’s youth are running the risk of becoming insolvent or requiring IVA assistance due to a wanton need to look good and fit in with their peers. Accordingly, more than 25% of people aged between 18 and 26 have ... http://www.ivahelp.co.uk/iva-articles/british-youth-risking-iva-prospect-through-wanton-needs.html Early estimates into a prospective rise of the number of Brits declaring insolvency during Q1 of this year have unfortunately come to fruition. Recently released statistics show that the number of people entering into IVA agreements and declaring insolvency surpassed the 25000 mark, equating to a rise of more than 1.5% ... http://www.ivahelp.co.uk/iva-articles/first-quarter-insolvency-prediction-was-accurate.html One of the UK’s leading debt charities has recently revealed that many thousands of UK citizens are jeopardising their financial health through the insensible use of credit cards. Accordingly, almost 40% of people are using credit cards as their primary means to withdraw money from bank cash points. It is suggested ... http://www.ivahelp.co.uk/iva-articles/charity-pushes-for-increased-credit-card-awareness.html The perceived social shame of being declared Bankrupt is still the primary reason for avoidance of the tool, by the vast majority of indebted Brits. A spokesperson for one of the countries premier Bankruptcy specialists has stated that literally thousands of consumers will avoid Bankruptcy at all costs for this reason, ... http://www.ivahelp.co.uk/iva-articles/perceived-shame-of-bankruptcy-is-still-a-major-deterrent.html One of the UK’s largest debt charities has recently revealed that rising numbers of new IVA cases may not necessarily stem from an increasingly severe consumer debt problem. The DAB suggests that although consumer debt is obviously fuelling the number of new IVA cases, the fact that consumers are only just ... http://www.ivahelp.co.uk/iva-articles/promotion-is-the-cause-of-iva-growth.html According to recent research by one of the UK’s largest supermarket chains (J Sainsbury’s), debt consolidation is one of the most common reasons for Brits to procure a personal loan. Apparently, almost half of all loan applicants apply for finance with the intention of consolidating all of their outstanding debts into ... http://www.ivahelp.co.uk/iva-articles/debt-loans-more-popular-than-ever.html One of the UK’s leading banking institutions has recently announced its intention to make the negative effects of mismanaged overdrafts, or specifically, the charges associated them, publicly available at its numerous cash points located across the country. The office of fair-trading is said to be delighted at the news, and a ... http://www.ivahelp.co.uk/iva-articles/bank-to-make-overdraft-charges-more-visible.html New information released by the Citizens Advice Bureau suggests that just shy of 7000 Brits contact the agency, on a daily basis, with debt related issues. Accordingly, of all enquires received by the Bureau, debt help matters are by far the most prevalent. They have also noted that faired against the ... http://www.ivahelp.co.uk/iva-articles/advice-bureau-reports-record-debt-help-enquiries.html