At some point in time you have probably been forced to take out a loan or use a credit card for an unexpected event. Most people have a loan or some form of credit that they have to account for each month, it is important to keep these payments up to date to avoid late charges that may cause you to slip further into debt.
It is wise to look at your finances on a regular basis in order to budget what is coming out and determine if you have sufficient funds to cover these outgoings.