Archives for 29 August 2007
IVAs ‘less stigmatised than bankruptcy’
Article Category: IVA (Individual Voluntary Arrangement) Help and Advice
Individual voluntary arrangements (IVA) carry less stigma than bankruptcy, it has been advised.
Financial education charity Credit Action suggests that the idea that bankruptcy has become stigma-free may be misleading.
Deputy director Chris Tapp says: “People do still make an instantaneous judgement on somebody if they know they’ve gone […]
Debt recovery ‘for 50somethings’
Article Category: Debt Management Help and Advice
Many Britons take until their 50s to complete debt recovery efforts, it has been claimed.
According to Birmingham Midshires, 55-year-olds are most likely to eliminate their debt and embark on a “second life” financially.
The pressure of supporting a family and lengthening mortgage terms are suggested as possible reasons why life […]