In this video we talk about applying for deferment of payment and making a payment arrangement. Three things are central to this:
1. Good communication with your creditors
2. Transparency: make it clear to your creditors what is going on
3. Prioritize your private base: make sure you provide your rent or mortgage, gas, water and light and your daily shopping
How do you apply for deferment of payment? First, you need to properly explain to your creditors why you are requesting deferral. It is important that there is a good reason for this. This could be, for example, that a large client who still owes you money will only pay in a few months. You can then take this as the starting point for your application. For their part, the creditors will do their best to work with you on a solution. It is of course important that you keep your agreements. Otherwise you will become implausible and the creditors will no longer be able to trust you.
If it turns out that you cannot repay your debt in the short term, it is important to request a longer-term payment plan. For example, this can be 12 months and sometimes even 24 months. Here you look at what you have monthly in addition to your running costs. You then distribute this amount evenly among your creditors. Again, it is important to properly communicate to your creditors why you want to make a payment arrangement. They will certainly understand that.
Do you have a tax debt? You can also apply for deferment of payment and make a payment arrangement with the Tax and Customs Administration. Go to our videos for this "Taxes not paid, now what?", "Taxes: Deferral of Payment" en "Negotiating with the Tax Authorities".