- Friday, 17 April 2009Consumers whose finances have gone out of control could look to
IVA debt solutions as one means of resolving the situation.
Financial services provider Norwich and Peterborough (N&P) explains that Britons fall into three broad categories.
These include "in control of money" and "on top of money, could do more".
But the third - "money controls me" - could leave households needing
IVA help in order to regain a stranglehold on their financial situation.
Debbie Britton, head of customer marketing at N&P, says: "There are more exciting things to do than sort out your finances.
"But, in the current climate, it's really important that you do everything you can to ensure you're as in control as possible."
IVA debt solutions could help to provide some of this control by putting a clear schedule in place for the repayment of what is owed.
The
IVA process can also freeze interest rates and write off up to 70 per cent of the total amount outstanding.
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