Debt denial is the latest worry for debt companies, who fear the number of people applying for IVAs will almost certainly increase as a consequence.
It's already expected that more people will apply for IVAs than bankruptcies in 2007 but the figures are set to skyrocket even further as more people ignore their mounting debt problems.
Debt Matters are the latest group to publicly warn consumers to find help before their debt problems spiral even further out of control.