Thanks for the advice, I've been dealing with McCambridge Duffy who seem to be pointing me in the direction of DMP with their sister company. They wouldn't deal with bankruptcy for me. I will look into this more as I don't know enough about bankruptcy option.

Total debt £55k and offering £475 a month, no assets. Waiting to hear back if DMP might buy me some time to shift the balance of power as suggested by Foggy, thank you.

Just heard my IVA has been refused because Everyday Loans have turned it down and they are owed 28%. Any advice welcome, I'm panicking.

Thanks all, very grateful to have found this forum!

I'm also confused.....my proposal gives the total amount owing with interest to Everyday Loans yet I've just read on this forum ( a post on 23 Jan) that the interest should be frozen and so the amount I owe according to my credit report would bring the figure below 25%. Any help greatly appreciated!

Thanks all - unfortunately I only took out this loan last August to try and consolidate some debt. They would be getting back 40p/£. I'm in for a long anxious wait!

It's around 28% of the overall debt.

I've signed my proposal and the creditor's meeting is on 9th Feb but I'm worried about Everyday Loans. I've heard they reject iva and their debt is about 28%. Any advice welcome please.