There are concerns about possible funding cuts among debt advice charities. According to Debt Management Today, many Citizens Advice Bureaus (CAB) have expressed concern that public spending cuts will impact on them. CAB advised 2.4 million people about debt problems last year. An IVA is a good alternative to bankruptcy for people owing more than £15000 on things like credit cards and store cards. It means a borrower can pay back a more manageable monthly amount over 5 years before going debt free. Debt Relief Orders are available to more vulnerable borrowers owing smaller amounts.
Concern over debt advice funding
June 3, 2010 By
