- Friday, 27 March 2009Britons who feel their finances have become a runaway train could look to
IVA solutions in order to resolve the situation.
A piece by Melanie Taylor on Article Explosion notes that the
IVA process can bring that runaway train back under control.
"There are a number of debt solutions available, including debt management plans, debt consolidation loans and IVAs," readers are told.
"All are designed to help people in varying situations."
The article points out that, whether indebted Brits turn to
IVA solutions or alternative debt management options, bankruptcy may often be avoided.
Good debt advice is also recommended for those who find their own attempts at money management to be insufficient to recover their financial footing.
Ms Taylor adds that IVAs and bankruptcy share some similarities, but that IVAs can allow homeowners to retain ownership of their property.
Instead of selling the home, she explains that alternatives such as equity release can allow for it to be used to help clear the debts owed.
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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