Payment arrangement with the creditor
When the bills pile up and you can't cope with your debt payment, try to negotiate more time to pay or smaller instalments with your creditors. The sooner you start to address your financial difficulties, the better chances you have of coping with them by agreement. In addition, a payment agreement is often a safer option than paying debt through new debt. Taking out new loans can easily lead to a debt spiral.
Financial and debt advisers will help you to negotiate with creditors and to draw up a payment plan. Agreeing a new payment plan with creditors can put you in control of your debt situation and prevent further indebtedness. It is sometimes easier to make a payment plan once credit has been called in and transferred to debt collection.