We have debt up to our ears - not from irresponsible spending but from a catalogue of bad luck with the sale of a former business.

Wife - house in her name (from previous marriage) worth about £120K and £27k left to pay til 2016 Excellent credit history. Earnings £13805 gross plus £200 per month child maintenance. 2 kids 14 and 16

Husband - director of a limited company. Earnings £17175 gross and pays out £300 per month child maintenance.

Alliance and Leicester loan £7758 left 7.4%

Loan to family £18500 currently allowing us at nil interest but was 2% above base

Britannia mortgage 5.7% rate £335 monthly payments to 2016

Credit card debt £35515 between us average rate of 6.27% over about 10 cards (many on life of balance rates)

The credit card debt we keep paying about £1000 off per month but never seems to reduce much which is puzzling??

So to summarise £35515 on credit card, £7758 A/L loan and £18500 other loan so total owed £61773.

No CCJ bad debt or missed payments either of us and we do not want IVA or bankruptcy we want to pay our debts in full.

What is the best option - remortgage in joint names? consolidation? we really are struggling and all the money is tied up in the house.

From Rescueme