Are you struggling with a problematic debt and are you afraid that you will not be able to resolve this yourself? You are not the only one: in the Netherlands no fewer than 1 in 6 people has to deal with an (imminent) debt. That does not mean, however, that you just have to let things go. After all, debts do not disappear automatically, even if you throw away the envelopes of your creditors unopened. Sooner or later the bailiff is on the doorstep, with all the costs and consequences that entails. It is therefore wiser to try to make a payment arrangement with creditors yourself. But how do you do that?
Work according to a step-by-step plan
If you want to make a payment arrangement with creditors, first look for what is real and feasible. It is best to agree to pay back € 100 per month, but if you only have two dollars left per month, such a scheme is doomed to fail. If you do not comply with an agreed payment arrangement, then creditors are much less reasonable, while “a man a man, a word a word” types can count on cooperation and understanding.
The step-by-step plan with which you pay off your debts should in all cases look like this:
- List all your debts. Yes, even the one small loan that you took out with a friend. All debts must be shown in the overview.
- See which creditor is the most important, for example because it threatens with a seizure. The Tax Authorities are also an important creditor.
- Contact all creditors and tell them that you are working on a solution for your debts.
- Make an overview of your monthly income and expenditure and see how much you have left over.
- Look at which points you can cut, and be realistic in this. Eating bread with peanut butter every day is not a feasible plan, but “luxury” things just have to give way.
- The amount that you have left over is the amount that you can use for repayment. Distribute this among the creditors, with the largest / most important debt naturally receiving the largest share.
- Submit your proposal to the creditor and ask if he or she agrees.
- Then stick to it!