people in financial trouble are advised to contact creditors to negotiate a plan.

People in financial trouble are advised to contact their creditors to negotiate a repayment plan. This involves clearly communicating their financial situation and willingness to work towards a solution. They should prepare a realistic proposal based on their budget, be ready to discuss and negotiate terms such as lower monthly payments, freezing or reducing interest, or waiving late fees. Maintaining calm and respectful communication, keeping detailed records of all discussions, and being persistent yet patient are important. If overwhelmed, seeking professional help from a debt counselor or attorney may be beneficial. Getting any agreement in writing is crucial before making payments. This process helps both parties find a manageable way to resolve debt.