The Bank of England have once again increased the base rate, with more people in the UK set to struggle with mortgage repayments as a consequence, and more people having to consider taking out an IVA.
With the base rate now at 5.5%, it's highest peak since 2001 it's widely anticipated that more homeowners will struggle to find the extra money to keep up with repayments.
The IVA market has managed to stay out of the news for the last few months but will undoubtedly reappear as more people consider the procedure.