I have not paid the installments/invoice; what should I do?

First of all, there is no need to panic, but it is necessary to face the situation. Failure to pay the installment or invoice does not have to be a crisis event. Everything can be solved and we will help you with that. In the event that the amount due is paid only slightly later than it is due, it is advisable to contact the creditor and notify him of the expected delay and the date by which the amount due will be paid. This often prevents e.g. unnecessary increase of debt by various related fees or contractual penalties, etc. However, if the situation is more complicated and the first delay is not the only one, contacting the creditor as soon as possible is the only correct procedure. Lenders are usually prepared for such situations and are usually willing to agree to set up debt repayment so that it is feasible for a client in financial distress.

However, it is always better to avoid incurring debt than to resolve it. The basis of debt prevention is personal financial discipline, whose simple tool is the management of personal finances using the so-called monthly budget. You can also find simple instructions on how to create it on the previous page of this website, in the section "I WANT TO CREATE A MONTHLY BUDGET".