Wednesday 24th of June 2009
You should not feel ashamed to ask for individual voluntary arrangement (IVA) advice or other financial help, one expert has suggested.
Research from Turn2us revealed that 45 per cent of people would be too embarrassed to seek assistance if they were struggling financially, an issue that the organisation’s chief executive Jolanta Lasota said needs remedying.
"The fact that people are embarrassed is concerning," she remarked. "What we want to say is that people need not be."
Indeed, there are people all over the country in similar positions and the number suffering debt problems has increased in recent years.
At the same time, the proportion seeking IVA advice has also risen, as more consumers become aware of what the arrangements are and how they can be a good alternative to bankruptcy.
According to Turn2us, 75 per cent of people are concerned about money at the moment, while around 20 per cent admit to being really worried.
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- Government announces 'breathing space' for those needing IVA help
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