Debts in the News
FSA: Consumer Credit Directive will not be extended
The Financial Services Authority (FSA) and the UK Treasury have announced that the Consumer Credit Directive (CCD) will not be extended to include mortgage loans. [more...]

Government to provide repossession help
Those affected by possible repossessions will be able to continue to go to the government for help. [more...]

Soaring oil prices to create debt problems?
Britons may be at increasing risk of debt and other financial difficulties because of hikes in oil prices, it has been claimed. [more...]

KPMG: Many are still experiencing serious financial trouble
Many people in Britain are experiencing financial difficulties, in spite of the fact that interest rates have reached record lows. [more...]

IVA Question


What is the minimum number of creditors required for an IVA ?


Usually 3 or more - but your advisor will talk you through it .

An overdraft with your bank and a credit card with the same bank is normally considered to be a single credtior.

Many creditors operate under several brand names. For example the Cahoot brand is part of the Abbey Building Society. This also can be considered to be the same creditor.

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