Thats great. any online sites, etc. i live in east end area of london

How would the debt management plan work. Would they contact the creditors and arrange something.

thats the problem. i cant repay all my creditors at once. if i miss one payment, i get penalty and regardless if i contact them or not, things just get worse

Would an IVA help in this matter, My main problems really are my 2 barclay loans and two blackhorse loans.

Yes, I have had a barclay loan (2 loans) for many years now and its only gone down by a small fraction. i pay 150 per month for each loan on average and around 60 pounds interest gets added on to it

4 of the loans i have are from payday companies who i can either pay off in full in one month or pay a percentage and carry it over. eg 60 pounds. which i always do else i would have to pay something like 300. which would settle the debt, but i would not be able to pay all the others

problem is that i have 7-8 creditors and some of them do agree for 1 or 2 months, but then the amount goes back up and it takes even longer to pay off

it would be around 600 to 650 in total

I can offer maximum 400. its a desperate situation really because they are threatening legal action etc

I have loans from around 8 creditors totalling 7000 pounds on average. While this may not sound like much, it is due to the high interest rate meaning that it can take many years to pay off. after rent and work expenses, there is barely any money left and I have to on most occasions not pay 1 or 2 l...