Ivas Rise As Everything Else Falls!



Ivas Rise As Everything Else Falls!

Ivas are on the up in a financial climate in turmoil, Chris Grant a spokesman for iva.net quoted “we have seen a sharp rise in the demand for ivas due to the decreasing value of house prices in July, more and more people are losing the equity in their home and are turning to an iva as an alternative to bankruptcy”.

Over the last few years ivas have become more and more mainstream, the Scottish equivalent trust deeds has also become more popular than the government would like. In the UK last year over 35,000 people decided to take out an iva, this has been steadily rising and looks to be on the up again in 2009. Over lending and over borrowing in the prior years are to blame with many people still trying to repay their debts of that era.