50k Unsecured debts and can't see any way out.....

SPM87

"Then pay the creditors." why pay them anything? defaulted debt is almost useless paying off. You are already punished by having no credit file for 6 years. Both myself and the OP tried our hardest to pay it back and the financial system punished us some more for good measure when we needed good deal arrangements when things got too much. It is rigged against you and designed to maximise your spare money out of you ruthlessly the more you relied on their credit. 

if you are defaulted almost forget about mortgage until it drops off files, they will rip you off simply for having defaults alone. (such nice guys these lot)

I have yet to see any good reason to pay off defaulted debt from anyone on forums. Let us get rid of the "morality" when it comes to this stuff.. banks have zero morals and do not give any thought to any moral behaviour what so ever, playing moral games with people that have zero morals is a silly game to play. This credit is made out of nothing, thin air. You need to get business like in thinking. This business of personal finance has all this emotion due to the concept of "personal finance" instead everyone should treat their earning as revenue and expenses as overheads with the difference being your profit. This mental shift has stopped me panicking, overthinking and makes dealing with "creditors" i.e.  your competitors who will try and reduce your profits so much easier.

Ideally you want no CCJs as that then brings in a whole new game but again, make everyone work for any money they demand and don't just blindly ask for CCA agreements either, I have it on good litigious authority recently that asking for these things most likely leads to a judge awarded a CCJ in a DCAs favour as it allows them more preparation to gather a stronger case against you.. a double edged sword so to speak.

why give them I&E? again this is only for THEIR gain not yours.... I fail to see why this is necessary other than for any DCA (which is where all these bad debts go to 99% of the time) to gain information on you and build their case on you.