Make Regular Payments

• When personal debt is restructured, it is imperative to make regular, on-time payments on that restructured loan. Timely payments are the only way to assure that the restructuring program will last long term. If the restructuring is on a home loan, foreclosure is only forestalled as long as homeowners make regular payments.
  
  

Avoid More Debt

• Although the only way to reestablish a credit rating is to find new credit and use it wisely, avoid seeking more credit during a restructure. Since it's clear credit management is a current problem, concentrate on paying off the restructured loan only. Timely payments on that debt also build credit, although not quickly. However, increased debt that is not paid off will further harm credit.
  
  

Follow a Budget

• Although no one likes to hear it, a budget and wise financial planning helps most in restructuring recovery. Make a realistic budget considering current income. If expenses outweigh income, decrease any expenses possible. Look at improving education for improved job prospects, but avoid debt for education.