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Thinking of a DMP

edited 30 November -1 at 1:00AM in Debt-Free Wannabe
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lmcintyre86lmcintyre86 Forumite
1 posts
edited 30 November -1 at 1:00AM in Debt-Free Wannabe
Hi all, so I have roughly about £35k debt across 5 credit cards, 3 with MBNA, HSBC and Barclaycard. I've spent most of my adult life building up my debt since I had my first credit card and have spent so many years just moving it around on loads of different 0% offers but now those are ending and drying up, I cant and don't want to take out more. I've looked into both IVA or DMP and I really don't know what to do. I may start with a DMP and see how that goes. My partner is dead against me doing either as he had a bad experience with an IVA 15+ years ago but at the moment I'm paying nearly £650 a month on these cards, half of which is probably interest and as much as wants to help me pay it off unless he gives me 80% of his salary every month it will be a struggle! All the debt is in my name, we rent our house, don't own a car anymore and don't have any shared assets so it wont technically affect him, im tired of the stress and want to do something!

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