Ian/ Andy, are you saying that a DMP might be better to go down in this case?. Would I have to bring all the creditors in to this or just deal with Lloyds, also would i have to change bank accounts as advised if i went dowm IVA route?

Thanks Ian, in your opinion is it worth starting the ball rolling as i am worried that if we are rejcted then we have no other option other than bankruptcy

Thanks for advice so far, my debt to TSB is approx 74% and I am the only income earner of any great value. My wife gets family credit (£35) and family allowance (£175) so is in no position to make any payments whatsover. I have been told that DMP is not an option due to the amount involved and the o...

Currently in a right old mess and hoping someone can help me out Currently owe in the region of £65,000 to 7 different creditors between my wife and I. Lloyds TSB are the main creditors and when looked at our total debt make up 70%. The problem comes in when we look at each indivual debt Lloyds make...