Welcome!

News Feed Item

2013 Financial Hangover? IVA.co.uk Finds Those In IVA's More Positive About Repaying Debts Than Those Going It Alone

LONDON, January 10, 2013 /PRNewswire/ --

2013 brings new worries for many across the country waking up to their New Year financial hangover. January sales have been a huge success, however, consumer group Which? have reported that over 46% of the population paid for Christmas on credit and things are only set to get worse in 2013 after many embarked on spending sprees in the January sales, resulting in Christmas debts that will not be paid off by next year.

The gloomy start to the year was anticipated by emotional support organisation Samaritans who in January receive more calls about financial worries than at any other time of the year. Rachel Kirby-Rider, executive director of fundraising at the charity says;

'Often there are things that people haven't addressed, or didn't want to address, before Christmas. They become very relevant when the credit card bills come in' 'A lot of people feel that things should be better in the New Year - and then when they're not, they start to worry'

Not everyone is gloomy however, recent research conducted by IVA.co.uk has found that those in an IVA or other types of debt management plans are more positive about their ability to become debt free than those who are struggling on their own. The survey revealed that participants who are currently on an IVA or have completed one in the past gave very encouraging answers when asked to score their IVA. The survey asked;

  • How happy are you with your IVA? The average response was 7/10
  • Out of 10, how likely are you to complete your IVA? The average score 9/10
  • How well does your IVA providers deal with creditors? The average score was 7/10
  • How easy was it to set up your IVA? The average score was 8/10

Founder of IVA.co.uk, Andy Davie explains that this is a common feeling amongst those who are in the midst of, or have completed an IVA;

'People struggling with debt are coping with high levels of stress each day. This has an immense impact on day-to-day life so when this is alleviated through an IVA there is a huge change in general enjoyment of life. I am not at all surprised by the results of the survey; I myself completed an IVA some years ago and so can fully understand the reasons behind these very positive scores. This is a great state of mind to be approaching 2013 with and will most definitely help with achieving the goal of becoming debt-free. Joining supportive forums such asIVA.co.uk  where you can share your worries with others who have experienced similar circumstances' can further boost this positive outlook'.

IVA.co.uk was set up by Andy Davie, Credit Today's 'Debt Councillor of the Year', who after struggling with his own debt problems, has gone onto to become debt free and help others through their own debt problems.  Andy decided to set up IVA.co.uk after completing his IVA in 2006 and finding that there was nowhere for people in IVAs to go for help and advice. Since, the site has grown to be the biggest online IVA community with thousands of people visiting each day for invaluable help and guidance from experts as well as other forum members. Everyone on the team at iva.co.uk is extremely passionate about helping those in debt, many of them having personal experience of debt, making the iva.co.uk mission; to deliver the best information, support and advice about IVA's and financial issues, a very personal one.  The ethos of the business is to go above and beyond the call of duty for their members to ensure that they are given the highest quality care and advice and this is shown by the fantastic feedback that the site and individual team members have received over the years. To find out more please visit http://www.iva.co.uk.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, looked at differ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
IoT offers a value of almost $4 trillion to the manufacturing industry through platforms that can improve margins, optimize operations & drive high performance work teams. By using IoT technologies as a foundation, manufacturing customers are integrating worker safety with manufacturing systems, driving deep collaboration and utilizing analytics to exponentially increased per-unit margins. However, as Benoit Lheureux, the VP for Research at Gartner points out, “IoT project implementers often un...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
In the first article of this three-part series on hybrid cloud security, we discussed the Shared Responsibility Model and examined how the most common attack strategies persist, are amplified, or are mitigated as assets move from data centers to the cloud. Today, we’ll look at some of the unique security challenges that are introduced by public cloud environments. While cloud computing delivers many operational, cost-saving and security benefits, it takes place in a public, shared and on-demand ...