A house in the UK was repossessed every 11.4 minutes because of unmanageable debts last year. Statistics released by Credit Action show 126 homes were lost every day. Debt solutions like Individual Voluntary Arrangements (IVA) could help people struggling to meet monthly repayments. An IVA is available to those with unsecured debts of over £15000. You can pay a manageable monthly amount over a 5 year period. Unlike bankruptcy, an IVA can help you keep your home as it can protect the equity in the property.
126 houses lost to debt every day in 2009
May 7, 2010 By
