- Wednesday, 29 April 2009After setting up an IVA, Britons might wish to keep a watchful eye on their credit rating to ensure other issues do not go unnoticed.
Financial services provider LV= predicts that instances of ID fraud could grow as a result of the recession.
But if this goes unnoticed on individuals' credit records, they could become blacklisted for new lending.
Such a problem could mean that households find their access to new borrowing is limited even after an IVA.
And LV= spokesperson Emma Holyer points out that the issue can compound itself as numerous rejections in a row can make a credit report appear even worse.
Britons whose own debts are causing credit report difficulties could find setting up an IVA to be one solution.
Doing so can write off a portion of the amount owed and put in place a clear schedule for the repayment of the remaining debts which have been accrued.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
Brits dealing with Finance Management should shop around for car insurance Wed, 04 May 2011
Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
Brits, including those with Finance Management plans, to spend £267 on Royal Wedding Tue, 26 Apr 2011
Equity release can be used to 'become debt-free'Tue, 26 Apr 2011
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