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The Guardian - UK
The Guardian - UK
Business
Shanti Das and Jon Ungoed-Thomas

SHOCKING: Repayment plans pushing thousands into deeper debt - What They Never Told You

Charities and free debt advice services are being “crowded out” by firms that earn high commissions for referring people to insolvency practitioners.
Charities and free debt advice services are being “crowded out” by firms that earn high commissions for referring people to insolvency practitioners. Photograph: Seb Daly/Sportsfile/Getty Images

The number of people with crippling debts who have entered into controversial official agreements to repay the money has reached an all-time high, new figures reveal.

Individual voluntary arrangements (IVAs) registered in England and Wales totalled 81,199 in 2021, more than double the number in 2015, according to the Insolvency Service.

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