Thanks for the the replies everyone.

OK, just had a call from Debt release direct about an IVA they say they can help me and that i will be paying £320 a month on £26000 split between 6 creditors for 5 years. Does this sound right? is this company any good?

Thanks

Georgie

Thanks Lily, I had a breif look at the forms that have to be filled out when going for bankruptcy and noticed that they ask for employers details does this mean they will contact my employer? I wouldn't worry to much but i have only recently started and really wouldn't want them to know? I also have...

Thank you both for the advice, I think Bankruptcy looks like the best option, What are my next steps who would you advise to contact? Do i keep struggling to make repayments or just stop, i'm withdrawing money from the remainder of my credit card to pay for the bills and a lot of the money has been ...

Ok, £9500 loan to Alliance and leicester. £3000 Mint credit card £3000 Loan to LloydsTSB £4500 Credit card to LloydsTSB £1600 TO NEXT which has now gone to the debt recovery agency Capquest. £1500 to DFS (sofa company) monthly direct debit. £350 Choice catolog. Total £23450 I hope this helps. Thanks

Thanks Melanie

What would you do in my situation? Would i be eligable for an IVA and how would i go about getting into a debt managment programme? who runs them?

Sorry if i sound naive.

Thanks

Georgie

I was with my ex-partner for a number of years, he was unable to obtain any credit and put pressure on me to apply for loans, credit cards and store cards during that time, one of the credit cards has only recently hit its limit. he paid the repayments but has now recently left me and i can no longe...