Thanks both for that - I was quite worried that an IVA would be harder financially, but I will look harder at it now.

Hi, I have 62K debts over 8 creditors. I have entered into Financial Management, but have figured out that this will take around 20 years to clear at the current rate. 2 of the creditors (so far)have taken out CCJs - which really scare the pants off me. I have around £220 excess per month, and aroun...