- Monday, 9 March 2009Britons could find that the
IVA process can help them to put in place the sort of regular budget that the current economic climate demands.
With an IVA, repayments to numerous creditors can be brought together into a single schedule designed to clear the full amount that is owed.
And the overall amount may actually be reduced by up to 70 per cent through the scheme.
Consumers could also find that an
IVA answers their immediate concerns about their finances, in light of comments from the Institute of Financial Planning.
This advises that "back-to-basics financial planning techniques are more important than ever".
But the organisation also points out that the relatively low base rate of interest is leaving consumers with more available funds for other areas of their finances.
As a result, it may be easier than has previously been the case for Britons to find the money to service their debts - which could make this the ideal time to enter into the
IVA process.
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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