Tuesday 15th of June 2010
With many Britons still struggling to get their finances in order, some may be concerned about what effect the upcoming Budget will have on their bank balance.
Information on individual voluntary arrangements (IVAs) could, however, provide answers to those who think their job will end up in jeopardy as a result of government spending plans.
Shelter is one organisation that believes new measures might lead to money troubles, predicting any cuts to housing investment will lead to widespread job loss.
Embarking on an IVA may, therefore, be a wise choice for people who are worried about their job stability, even before the Budget.
The form of insolvency can help you get out of the red with some hard work and discipline, potentially leaving you with more disposable income once it is completed around five years later.
When you’re unsure about what the future holds for your career, ensuring your debts don’t get in the way of your ability to save and prepare for any unexpected changes to your situation might just be a shrewd choice.
And IVA info could show you that this is achievable.
"As [the] government decides where the axe will fall, it must consider the colossal impact that cutting housing investment will have," Shelter’s chief executive Campbell Robb says.
By Mark Waterman
- House price rise 'may not indicate recovery'
- Equity release 'needs to be increased'
- Need for IVA help could increase as expert predicts reduction in lending
- Government announces 'breathing space' for those needing IVA help
- Lack of subprime lending creating need for IVA help, expert suggests
- Pensions suffer as debts mount, but IVA advice may help
