BusinessBusiness RecoveryUK’s biggest IVA provider expecting to grow

UK’s biggest IVA provider expecting to grow

Debt Free Direct reports profits of more than £9m and predicts future growth

The country’s biggest provider of
individual
voluntary arrangements
Debt
Free Direct
– has reported profits of more than £9m and also claimed that it
had recovered from the bad publicity surrounding commercial debt advisers.

The IVA industry has come under fire recently over allegations of encouraging
customers to adopt IVAs and profiteering at their expense.

Debt Free Direct’s results for the year to April 2007 revealed that turnover
jumped 77% to £28m – it said it was expecting future growth.

It also announced that it had purchased rival IVA firm Clear Start for £11m.

Further reading:

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IVA website defends right to post debtor opinions and
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IVA fees: one size does not fit all

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