Monday 19th of October 2009
The UK’s national debt rises by more than £700,000 each minute - and those affected may wish to seek IVA advice in order to rectify their problems.
New research by the Centre for Policy Studies reveals the country owes around £2,200 billion - three times the figure admitted by the government.
That works out as an average of £85,670 per British household.
Brook Newmark, who carried out the study on behalf of the centre, writes in his book The Hidden Bombshell: "The truth is the national debt is far higher than the prime minister is willing to acknowledge. To continue to ignore this is both economically irresponsible and economic with the truth."
Britons may wish to be proactive by tackling their debt head on before it reaches out-of-control levels.
One way which could be ideal to do so is by taking IVA advice from an expert.
An IVA can freeze interest rates on debt, which could prevent what you owe getting out of hand.
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