May 19, 2012




Ash cloud debts

Thousands of people who have found themselves in debt due to travel disruptions caused by the volcanic ash situation earlier this year, are still waiting to get their money back. Flights were grounded in April after the volcano eruption in Iceland, leaving many people stranded and paying out more cash to make alternative arrangements. The BBC reports that the Air Transport Users Council says most airlines have a huge backlog of claims. If unexpected costs are putting pressure on your debt management, an IVA could help. People owing more than £15000 in unsecured debts can pay a more manageable monthly amount over 5 years. Debt Relief Orders can help those owing smaller amounts.

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