If your outgoings are more then you earn, or you're being threatened with legal action, rest assured you're not alone. Debt is fact of life for many people and interest charges can mount up fast. The sooner you take action, the faster you can get on with your life.
If the above applies to you, then you may qualify for an IVA (Individual Voluntary Arrangement). Subject to creditor approval, this allows you to make just the payments you can reasonably afford, for a set period - after which the remaining debt is legally written off.
