From time to time, we all have unexpected expenses. The fridge may need repairs, the car may need new tyres, your kids may need excursion money or there may be an unexpected medical cost. Whatever the problem is, it's likely put a strain on your finances if your budget is tight. In such situations, it's common for bills to go unpaid.

But what should you do if you're left a little short one week and you can't pay your credit card on time? The answer is simple: tell your credit card company about the situation before the bill is due. If you don't, you may find that it will cost you. When you speak with your credit card company, tell them the issue and why the bill will not be paid on time. It's important to stay calm and let them know that you want to pay the bill and would if it had not been for the unexpected expense. The person on the other end of the phone should understand your predicament, because they hear this sort of thing all the time.

Tell them when you will bring the account back into order and ask them if there is any penalty for paying late. Some companies charge late fees, penalties and/or higher interested, if this is the case, ask them if they would waive the penalty charges - you never know unless you ask!! This is all well and good if the reason for being unable to pay your credit card on time is just a small, unexpected expense.

What happens though if the reason you cant pay your credit card due to something more serious, and it's unlikely you will be able to come to a suitable arrangement with your credit card company? It might be that you've lost your job or your relationship with your partner has broken down or there has been a death in the family.

These sorts of situations happen and it's important to know exactly what to do in such a circumstance. The first thing you should do is contact your credit card company as previously mentioned, and explain the issue to them. Explain to them what the circumstances are and how it will affect your ability to pay the debt. Ask them if they can offer any solution to help you in your time of crisis.

They might suggest you borrow money from friends and family or somehow refinance the debt. Whilst this approach is possible in some instances, for many this option is simply not available. In situations where refinancing the debt is possible, its essential that the new repayments are less than the repayments required under the existing contract, otherwise there is no benefit.

There are companies and organisations that specialise in helping people struggling with debt. There are many free government websites that offer terrific advice regarding debt management, budgeting and understanding your rights as a consumer. Its important to get as much information as you can about managing debts and speak to trusted experts.

Debt Fix offers people a wide range of solutions and helps hundreds of people in this same situation. Whilst there are many other companies that purport the same, very few can offer the "No Fix, No Pay" guarantee that Debt Fix is proud of. In other words, if Debt Fix can't find a solution, then it's clients will not be charged. This way, Debt Fix clients can be confident they are dealing with trusted professionals.