Back on the original thread topic, the guy should be speaking to the money advice service, which is the government run service that seems to be advertising on tv all the time. As a first step he could contact his lenders, explain the situation and get the interest frozen. If they can raise any capital at all, from the sale of the caravan of other assets, they can came an offer to the lenders for a full and final settlement of a modest percentage of the debt. I've heard of figures being accepted around the 40% mark. Another option, which might be worth considering is to file for bankruptcy. If they have no substantial assets such as a house, and a modest income it would probably be a good option. People of that generation still see this a huge stigma, but times have changed, and it's nowhere near as bad as it used to be. Now it's 12 months before discharge during which time the court can make an attachment to income, and it stays on the credit agencies records for 6 years form the date of petition. The worst possible solution, and the one which debt management companies push for, is an IVA which is a form of insolvency and hence treated exactly the same as bankruptcy by banks and other lenders, but keeps the applicant poor for 6 years and genertaes a 6 year income for the debt management vultures. The only upside to this option is the applicant gets to keep their home. As your mate doesn't own a house, it's a terrible option.