Maybe. You can try to make an agreement with the creditor. For example, if you owe $2000, you could offer to pay $250 from each pay cheque until the debt is paid off. The creditor does not have to negotiate with you but many creditors will to avoid the costs of taking legal action. This may work if you have one or a few debts. If you have many creditors, trying to negotiate with each creditor may be difficult. Last Reviewed: October 2020