Tuesday 20th of October 2009
IVA advice could be perfect for the one in four indebted Britons who admit their work suffers as a result of their money troubles.
New research by Talkaboutdebt.co.uk reveals that 27 per cent of those in serious debt feel their employer misses out on their best performance.
Even more people, 29 per cent, have taken up to six months off work because of stress-related illnesses caused by being in debt.
And one in five of those fail to return to work at all as their debt worries are so severe.
Independent financial journalist Jessica Brown said: "It’s clear that when stress levels get so high as to cause lack of sleep and time off work then something needs to be done."
An IVA could be the answer for Britons in serious debt as it can freeze interest rates and renegotiate repayment periods.
This may ease the pressure on debt-stricken workers as their monthly repayments could become more manageable, leading to that all-important return to form at work.
By Ashley Littley
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