When money is tighter than tight and debts are amassing there really is no great way to deal with it other than head on. Borrowing more than you need or borrowing to pay off debts can be problematic but, providing you are progressive about dealing with your debtors there is light at the end of the tunnel.
IVAs are a great way of dealing with debts which have spiralled out of control. Taking out a loan which is enough to repay all of your debtors as well as leave you with enough money to survive each month is perhaps about the only way which people with lots of debt can make a future for them self. Security and knowing just how much is coming and going is the first step towards dealing with debts.
Keep track of your money
To keep track of your money, it is wise to make a list of all the things which you spend money on. Even down to pints of milk which you buy. Keeping a track on your phone of every payment is key to staying ontop of your debts. Once you know what you spend on average per month you can then look towards maintaining a sensible expenditure.
These kind of loans should be avoided at all costs. They mar credit histories with black marks which mean you may never get a decent loan again.