Very informative website but I think I have a unique situation which I would like some help with....
I currently reside in Japan (for the last 3 years) and currently pay off one Bank Loan and two Credit cards regulalrly with the exception of the odd repayment which has missed by a day or two.
The level of debt is reasonable greater than 15 but less than 30
I am a director of a UK company and a Japanese company. However the companies are start ups and we are struggling at the moment. All debts have been with me for at least 5years. Now I am struggling to pay the interest on the Credit cards alone... I have protection on the loan and one CC but I cancelled it on the other CC almost 6months ago.
Just wondering if anyone had any suggestion on the best way forward?