Can't offer too much advise other than speak to a financial advisor and let them map out everything, especially in line with the new personal insolvency stuff coming in. Without knowing all the figures, it'd be very hard to advise, and a forum is not really the place for dumping out line by line expenses or such.
One thing though, if the €4500 figure is the total extra interest on top of what you owe over the past year, i.e. your outstanding balance has only grown by this amount, then the deal isn't too bad. And from what you have said, you seem like someone who will end up in better job prospects in the future at some point and be able to properly recover.
One thing though, if the €4500 figure is the total extra interest on top of what you owe over the past year, i.e. your outstanding balance has only grown by this amount, then the deal isn't too bad. And from what you have said, you seem like someone who will end up in better job prospects in the future at some point and be able to properly recover.