Don't, talk to an Insolvency Practitioner, I work for one and we help people on a regular basis do arrangements with there creditors where the interest is frozen and the portion of debt that you can't afford to pay off after a max term of five years is written off. Say you have a disposable income after living exps of £200 per month then that's all you'd pay - even if your debts amounted to twice that.(posted 7545 days ago)