A leading expert in the field of the IVA or Individual Voluntary Arrangement has stated the people need to take more sensible decisions as regards whether they actually need professional debt help.
Ian Boden-Smyth of the UK Insolvency Helpline has come forward to suggest people properly work out their cash flow before deciding an IVA is the best course of action.
He commented: "We always say: sit down, write down your income, take away your living costs, and see if you've actually got any spare income."