- Tuesday, 17 March 2009Almost four million people could find
IVA advice to be of particular interest in light of their exposure to negative equity.
The Mirror reports that this is the number of people in the UK who are either already in negative equity, or fast approaching it.
Negative equity is when your house is worth less than you owe on your mortgage - meaning that, if you were to sell it, you would still owe the bank money.
The Mirror adds that this is a particular risk at present for the people who borrowed heavily during the prosperous market of the past few years.
However,
IVA advice from the publication could reassure homeowners who are facing substantial debts.
Readers are told that, with
IVA solutions, they may be able to retain their assets - including their house.
For individuals with more than £15,000 of debts, the chance to write off up to 60 per cent of the amount owed could also come as a welcome opportunity to get back into the black.
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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