Hi, i am new to this but also impressed with the advice so thought i would see if anyone can help me to. I owe about £30k on unsecured loans and credit cards and am currently paying out £900 per month with out rent and bills, i earn £1200 which leaves me with £300 to pay my half of the rent + any bills which leaves me about -£300 per month. I have been for the last year using my credit card after i have made the payments and when it clears to pay off my other credit card, this is obviously a vicious circle and is now becoming a problem as my creditiors are threatening to shut my credit card off. I have asked them if they can put my card amount onto my existing loan but now because my credit rating has been affected by my constant borrowing off my card they have said i dont pass the criteria! I want to take some action to be in control of my debts and i want to pay them off as obviously i spent the money. i need to know with an IVA would my bank accounts be affected? i have stopped my wages going into the account that i owe the money to as i am worried they will shut my account down, the problem with that is though i have direct debits coming out of it. will a phone bill thats in my name be affected even though its at my parents address as they cant get one themselves. i just dont know what to do and cant sleep cos i worry about how i will sort this from month to month. I have spoken to a financial advisor and he says that an IVA is the last resort. i appreciate any advice. LisaG