The amount of British people that are seeking IVA's (individual voluntary arrangements) is set to triple by 2010. Research by Manchester Business School found 13,000 couples applied for IVAs in England and Wales in 2006.

13,000 in 2006 is a 165 % increase on figures from a 2004 study, with researchers predicting figures could reach 50,000 by 2010.

Dr Sydney Howell from the Manchester Business School said: “Some of these couples, especially those in their early 30s, are facing a future with no pension, no savings and huge debts. Couple this with rising house prices and interest rates, ever-increasing living costs and wages that have not kept up with inflation have all produced crippling debts.”

A recent Mintel report suggest that many Britons owe twice as much as they think, as they turn a blind eye to their personal debt.

An IVA or other form of debt management could be one way to tackle a debt problem, speak to DeleteDebt today and get debt free.