Thanks for the reply Melanie. I did consider bankruptcy but will it not have adverse effects in the long term? i.e getting a mortgage etc? With bankruptcy, does that mean that ALL debt is written off completely? I also understand that bankruptcy only lasts 3 years. Will my credit rating return to no...

Hi, i've ran up more debt than i can afford to pay now. My total debt is around 57k i think. 20k to lloyds loan, 10k left on m&s loan, 7.5k a&l loan, 7.5k overdraft with lloyds, 7.5 cc with lloyds, 5k cc with virgin. I'm looking into getting an iva but need a point in the right direction as to whom ...