In the shadows of the towering edifice of the UK’s mounting debt crisis, a lone sentinel of financial fortitude has emerged to guide people towards the light of financial stability – the IVA Helpline. This pioneering company has been a lifesaver for many in the UK who are struggling with their finances, providing invaluable advice and solutions tailored to their unique circumstances.

Individual Voluntary Arrangements, or IVAs, have soared in popularity in recent years, a testament to the harsh financial realities many UK residents face. According to a recent report from the UK Insolvency Service, there were over 75,000 IVAs applied for in the last year alone, a clear sign of the immense need for financial recovery strategies.

IVA Helpline is at the forefront of addressing this need. With a vision to restore financial health and a mission to provide easy, personalised, and professional advice to those facing debt, the Not-for-Profit company is making a positive impact in the lives of many Britons.

The company’s approach has won the heartfelt gratitude of many who’ve been guided from the brink of financial despair. Among them is 42-year-old Lucy Henderson, a single mother of two, who remarked, “IVA Helpline was my lifeline when I was drowning in debt. Their advice helped me secure an IVA and get my finances back on track.”

Chris Richards, the founder of the IVA Helpline, strongly advocates the IVA solution. He spoke about the ease of the process, the relief it provides, and how critical it is for those trapped under the crushing weight of unmanageable debt.

“Applying for an IVA is not an admission of financial defeat, but a courageous step towards regaining control over one’s life. It’s about making a pragmatic decision for a brighter future,” said Richards. “IVA Helpline exists to guide people through this process, to help them understand it’s not a journey they need to embark on alone.”

This shared sense of commitment and compassion towards their clients has made IVA Helpline a veritable cornerstone of financial recovery in the UK. For every Briton locked in the daunting battle with debt, the company represents a steadfast ally, a source of potent advice, and the first step towards a life free from the shackles of financial insecurity.

The story of the IVA Helpline is a reminder that in the midst of a crisis, there are always beacons of hope. It is an inspirational tale of a company trying to make a real difference in the financial landscape of the UK, turning the rising tide of IVAs from a symbol of despair into one of hope and financial rebirth.

A new survey by financial platform Unbiased has revealed that Brits don’t like talking about money and are reluctant to seek help when it comes to debt worries

New research from Unbiased shows that 67% of Brits lie to their partners about the extent of their credit card and store card debts with almost 50% admitting that they can’t talk about money worries with family members.

The survey highlights the following:

• Only 27% of Brits are debt free
• 49% are not comfortable talking to family members about their money worries
• Only 20% would talk to a bank about their money concerns
• 55% are not comfortable confiding in their partner when it comes to money
• 14% say talking about money is embarrassing
• 21% believe their money issues are nobody else’s business
• Almost a third of Brits (29%) are unaware of the direct debits, standing orders, subscription fees etc that leave their bank accounts each month

Unbiased is a financial services platform that has helped more than 10 million people make confident financial decisions and urges Brits to be more open about money.

Nihal Pekbeken, Chief Commercial Officer at Unbiased, has the following advice for those struggling with the cost of living crisis: “Our survey shows that UK residents are reluctant to talk about money and with the current squeeze on everyone’s finances, it is more important than ever for us to learn to open up.

“Sweeping money worries under the carpet and not understanding your finances will only store up problems for the future. If you take action now and speak to a trusted adviser, it is possible to avoid further debt. Even small savings can make a big difference over time.”

Unbiased recently entered into a two-year charity partnership with Samaritans, the charity that provides emotional support 24/7 for anyone struggling to cope, whatever they’re facing.

Richard Amos, Head of Corporate Partnerships at Samaritans says: “”We are concerned about the rising cost of living and its impact on people’s wellbeing. Suicide is complex and is rarely caused by one thing. However, there is strong evidence of associations between financial difficulties, mental health and suicide.

Samaritans is there to listen to anyone struggling to cope, whatever they’re facing, any time of the day or night. It’s thanks to the support of our partners like Unbiased that we can continue to be there

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Anyone can contact Samaritans FREE any time from any phone on 116 123, even a mobile without credit. This number won’t show up on your phone bill. Or you can email jo@samaritans.org  or visit www.samaritans.org  for more information