Hi i hope you can help this is my first post i took out a business loan with hsbc in 2004 for £58K to purchase a company secured against a property i owned i have never missed a payment i sold the property in 2006 and put the profit form the sale in to an account with the loan secured against it, in 2008 the business folded and i used the £25K from the sale of the property to pay off some of the loan i have carried on paying the loan but i am now in the position where i cant afford the repayments anymore, to date i have paid the bank over 65K but there is still about 20K left on the loan all of which is intrest. does anyone know if there is a way out of this can anyone help????????

Hi i hope you can help this is my first post i took out a business loan with hsbc in 2004 for £58K to purchase a company secured against a property i owned i have never missed a payment i sold the property in 2006 and put the profit form the sale in to an account with the loan secured against it, in 2008 the business folded and i used the £25K from the sale of the property to pay off some of the loan i have carried on paying the loan but i am now in the position where i cant afford the repayments anymore, to date i have paid the bank over 65K but there is still about 20K left on the loan all of which is intrest. does anyone know if there is a way out of this can anyone help????????