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Consultation on debt management launched Govt aid for those struggling with mortgages `too late for some` Pensions `no problem` for IVAs UK reaping what it has sown in terms of personal debt, expert claims Struggling consumers `likely to default on TV subscriptions` Consumers `struggling to cope with mounting debt` Bankruptcy increases by 7% `More Brits applying for personal loans` 70% of Brits `without unsecured loans` Pre-paid cards `more popular as debt rises` IVAs `a real alternative` to bankruptcy Brits `trying to escape credit crunch` by moving abroad West Sussex consumers suffering debt IVA agreements increase Industry body welcomes IVA mailing probe OFT to target bogus IVA companies IVAs can be "helpful" for large debts IVAs - consumers warned about bogus deals Insolvency rates rising IVAs can be "better option" than bankruptcy

IVA hotspots `along the M4 corridor`

29/06/2007

A "financial road map" of the top ten towns for individual voluntary arrangements (IVAs) has been described by a financial advice website.

According to the Thrifty Scot, the list "reads like a route map for the M4, with only three exceptions".

First in the rankings is the Hampshire town of Aldershot, followed by Andover, Newbury and Crawley, the site reports. Windsor, Swindon and Basingstoke are the next three on the list.

The reason that so many IVAs are taken out along the M4 corridor could be linked to the targeted advertising for the products in that area, it claims.

In comparison, the site lists the top ten towns for bankruptcies and reveals that most of them are in the south or south-west.

Torquay, Plymouth, Bournemouth, Eastbourne and Newton Abbot are all south-western towns which feature in the bankruptcy rankings.

There were 30,075 individual insolvencies - including both bankruptcies and IVAs - in England and Wales during the first quarter of the year, according to Credit Action.

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