Archives for 20 June 2007
IVAs ‘a lifeline for those in debt’
Individual voluntary arrangements, commonly known as IVAs, may offer a “lifeline” to Britons with debt problems, it has been claimed.
Andy Davie of advisory service IVA.co.uk suggests that consumers should consult with family members when facing debt.
“In debt you can sit alone - a lot of people don’t even talk to their family about their […]
Personal debt ‘causing inflation risk’
The level of personal debt in the UK is increasing the risk of inflation in the coming months, it has been claimed.
In the minutes of the June monetary policy committee (MPC) meeting, the Bank of England cites credit lending as one of the factors maintaining high rates of inflation.
Meanwhile, the committee states that employment […]
Britons ‘at 25-year high’ debt risk
Britons are facing a debt risk greater than any in the past 25 years, it has been suggested.
Adrian Coles, director general of the Building Societies Association (BSA), warns that affordability has reached a low point not seen for a quarter of a century.
His comments follow the publication of figures by the BSA which suggest […]