Looking for tips re personal debt

Dear all

This situation is due to my business failure earlier this year (plus my own stupidity which I’ll leave aside for the purposes of this post).

I had to close our business. I used our credit cards prior to closure to finance operations. It has left me with card debt I won’t get back.

I’m struggling now to meet minimum payments. I’ve been paying what I can as often as I can.

I’m aware my credit score is falling with each missed payment.

Is it best to contact companies in this situation. I did speak to one who said they’d now hold further action. I made an offer of repayment.

- On the whole is it better to do this - contact them and more or less break the contract and admit being unable to pay
- or is it best to try to keep making payments and keep the account ‘live’ as it were?

I ask all this to say- which will help me the most in terms of credit score recovery in the longer term?

I did think to try to at least pay one card in full and on time? Maybe that would help?

Thanks in advance, very much.