Thanks for all your messages, I am now being told that although our debt is £49k we would be better to look at DMP as 25% of the debt is with Northern Rock and "apperently" they are not that cooperative (fine ones to talk!) - as we have a good sum to pay back each month, they would most likely rejec...

Hi, My husband and i have a total of £49k in debt, with 4 creditors. We are stuck on deciding whether to enter into IVA or DMP ? I can see the advantages with them both - If we tried for a DMP and the interest was not 0 then it wouldnt work, so Im not sure if we should just go straight to IVA? We c...