There is always an option for everyone in my opinion and it's all individual to each circumstance, I would talk to a professional to gather your options and that way you can make the right choice for you. All the best for your future.
IVA final payment left the bank on the 26th January 2013...looking forward to a debt free future.
I just see so much of myself in what Steve is saying - gradually getting more and more into debt and telling myself that I still have X amount of cards / credit available. If only I could turn back the clock!!!!
Steve - whatever you decide - I can say that when someone is living off their credit cards it is time to take action. You have obviously realised that and I hope you will grasp the nettle and get started asap. Good Luck!!!!
Most clients I see regularly still have scores of 999 out of 1000, because they have been using revolving credit to meet their ongoing repayments without realising that this is increasing their debt problems not managing them.
I feel that your credit rating is likely to be affected just as much in a DMP than an IVA or bankruptcy, because once default notices are on record they will remain there for the following six years. If you can pay the creditors plus interest in full over such period, a DMP may well be a better option for you.