The Debt Counsellors, a leading debt mangement company who help consumers obtain IVAs and other sources of financial aid have commented on why more people should look into getting an Individual Voluntary Arrangement.
The group say that the average person spends years letting their debt mount up before taking decisive action, and that an IVA is a long term solution to financial difficulties.
A spokesperson for the group commented, "35% of respondents debt has been building for between 2 and 5 years, suggesting that for those whose are suffering debt problems - it's a long term solution, not a short term fix that's really needed"