Now is not the time to go out and hike up further credit simply because you only have an instalment payment to make – your circumstances may yet change again. Now is the time for frugality, a change in life style and adherence to the budget.

A debt agreement is not a joke. It is a very serious undertaking and creditors have shown their good faith in supporting you in this difficult time. They have forgone rightful interest and probably written off a portion of the principal. Your financial priority is to honour your obligation to this agreement.

Instalment payments must be made as agreed so that your administrator can satisfy the creditors at the intervals monies have been promised.

If you fail to meet the contributions the debt agreement can be terminated and you will be no better off – much worse off in fact because creditors will back date all interest that they ceased and probably commence legal remedy for recovery.