Tuesday 12th of October 2010
Individual voluntary arrangement (IVA) FAQs might offer plenty of much-needed information to British women who are worried about their financial problems brought about by low income and high unsecured debts.
According to new figures from the How Fair is Britain Report - published by the Equality and Human Rights Commission - 40-year-old females earn on average 27 per cent less than males of the same age.
Commenting on the findings, Preethi Sundaram, policy and campaigns officer at the Fawcett Society, says there remains a "shocking" pay gap in the work place.
She adds: "Forty years since the Equal Pay Act [was introduced], women in the UK still earn less, own less and are more likely to live in poverty than men."
IVA FAQs could, however, be beneficial for females who are on a low wage and have also racked up serious levels of debt.
Although you have to be in full-time employment and have the means to meet the reduced-rate monthly repayments required by the measure, the information may show you there is a way to finally put your financial woes behind you.
By Hayley Jones
- 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
- Personal loan rates are on the up - is it time to ask IVA questions?
