5 years ago as a young 22 year old, I ignored my parents (obviously) and everybody else and decided to get a brand new car, I also made the "sensible" decision not to go on HP but to just get a bank loan, of course I knew better than everybody about paying it all back etc. Needless to say, or I wouldn't be here, it has all since gone pear shaped and thanks to credit cards and consolidaiton loans the loan has more than doubled to £23500 and the repayments are crippling me. I decided 7 months ago to stop living on credit cards and my ever worsening overdraft and to fight back with the bank. My Mum and Dad said that they would re-mortgage their home to give me £10000 to offer the bank as a full and final settlement and of course I would sell sell the car, but I bought an MG and so it is worth only £3500, a drop of some £11000 oops! But it is my only asset. So far the bank have repeatedly turned down my offers of £14000, I have transferred some of the debt to an interest free card in my dads name, and I am at my wits end. I am 27 and am now scared that my entire financial future is on the line. A lady from the bank said that they would not listen to my offers for settlement until after a default notice had been served, but after then, it is no turning back, and am scared that they will still say no, although after next month it is irrelevant as I will not be able to pay the £450 repayment any way. My research tells me that an IVA isn't likely to work for me, and all I hear about bankruptcy is nightmare stories. I am trying to be responsible and get the bank back as much money as I can, but I don't want to ruin my own one shot at life, as selfish as that sounds. Sorry to waffle on, but I would really appreciate any help that any of you can give me Thanks Dave:-o :-|