My husband has just owned up that debt that should be in his business is actually in his name, to the tune of 100K. I am so stressed, am already unwell with cancer and have two tiny children.

Until now, it's not been a problem as the business has paid the payments, but business is on the side, and there is no way we can cover the repayments currently on his salary, especially as I am unable to work due to having cancer.

I have contacted an agency who offer to "talk" to the companies involved and have the interest frozen, and the repayments set at a managable level .... but for this they'll "claim" 20% of what we pay as their management fee.

Thhis arrangement would mean we coul make the payments, and would pay it all off in about 12 years, but 20% to the management company sounds awful. Is this usual? Is this the right way to go?

We have some savings (~£15K pay off from my job), and some equity (~£50K) in our home

Any & all advice welcome, many thanks, Jill