Comments on: Debt falls in real terms http://www.debtnation.co.uk/blog/debt-news/debt-falling/ Tue, 02 Dec 2008 14:48:11 +0000 http://wordpress.org/?v=2.5.1 By: jon http://www.debtnation.co.uk/blog/debt-news/debt-falling/#comment-3024 jon Wed, 17 Jan 2007 12:51:45 +0000 http://www.debtnation.co.uk/debt-news/debt-falling/#comment-3024 Marie - good tip in ClearDebt . I just checked it out online - they have a really cool online IVA checker that tells you if you qualify. Not like a lot of scammy sites! Marie - good tip in ClearDebt . I just checked it out online - they have a really cool online IVA checker that tells you if you qualify. Not like a lot of scammy sites!

]]> By: Marie http://www.debtnation.co.uk/blog/debt-news/debt-falling/#comment-2975 Marie Wed, 10 Jan 2007 14:56:23 +0000 http://www.debtnation.co.uk/debt-news/debt-falling/#comment-2975 According to Cleardebt this is due to a phenomenal growth in the number of <a href="http://www.cleardebt.co.uk" rel="nofollow">IVAs</a> However this trend is not being followed in Scotland, north of the border the number of debtors is continuing to rise due to a fewer number of homeowners. Mike Gerrard, head of Grant Thornton, told the Scotsman: "While the figures may suggest belt-tightening exercises up and down the country, people are still spending. "In fact, during 2006, Britons borrowed almost £14 billion in unsecured lending alone." However, John Hall, chief executive of Invocas, added that the "phenomenal" growth in IVAs will be matched by the Scottish equivalent of Trust Deeds in order to tackle outstanding repayments. The news comes as research from the Future Laboratory states that more people are having to lease goods rather than buy them due to their levels of debt. According to Cleardebt this is due to a phenomenal growth in the number of IVAs However this trend is not being followed in Scotland, north of the border the number of debtors is continuing to rise due to a fewer number of homeowners.

Mike Gerrard, head of Grant Thornton, told the Scotsman: “While the figures may suggest belt-tightening exercises up and down the country, people are still spending.

“In fact, during 2006, Britons borrowed almost £14 billion in unsecured lending alone.”

However, John Hall, chief executive of Invocas, added that the “phenomenal” growth in IVAs will be matched by the Scottish equivalent of Trust Deeds in order to tackle outstanding repayments.

The news comes as research from the Future Laboratory states that more people are having to lease goods rather than buy them due to their levels of debt.

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