I think there is an inherent problem in that some of those who are the most heavily in debt are those that are afraid to admit to a problem for fear of losing the credit facility. When you are relying on living on credit cards to meet your day to day expenses (not a good place to be, but it happens)...

Hi Ella The 17% for the debt management company is steep and if your debt is still not reducing, then it seems a good idea to seek another solution. I tend to agree with Melanie that an IVA is probably not the best solution for you, and bankruptcy may be the way to go. You wouldnt lose your car or p...