Industry News

OFT warns consumers about misleading IVA mailings
Thu 5th Jun 08 - 17:57

The OFT have launched a warning in regards to unsolicited mailing which advise people who are on an individual voluntary arrangement (IVA) to cancel their agreement and instead opt for an alternative debt management solution such as bankruptcy or a debt management plan.

All insolvencies registered with the insolvency service are published on a public register which these companies use to target individuals knowing that they are on an IVA.

More information regarding this issue can be found on the Office of Fair Trading's (OFT's) website:

http://www.oft.gov.uk/news/press/2008/70-08

Or at the Insolvency service's site:

http://www.insolvency.gov.uk/IVACouncilMessage.htm

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