People experiencing massive amounts of debt and trying to move their money around may soon find themselves needing to apply for an IVA.
With lenders tightening up their criteria for approving credit cards and other forms of loans, it's become even more difficult for people to keep their heads above water.
A massive number of UK consumers take advantage of 0% balance transfers each year, moving their debt from one place to the next. With this option taken away, it's feared that the IVA could skyrocket in popularity.