As tax time approaches, consumers are being reminded that it's always in their best financial interests to keep up with their payments, no matter how bad their personal debt may be.

The Associated Press recently reported that the IRS is often willing to assist taxpayers who have fallen behind on payments or are facing other financial hardships. With that in mind, the agency offers more information on its website and encourages taxpayers to call and speak with a representative about whatever their situation may be.

"The most important thing for people to do even if they owe money is to go ahead and file that return," the AP quotes IRS spokesman Terry Lemons as saying.

The report also encourages people to file their taxes because they may find their refunds will be larger than expected or that they are eligible for certain tax credits. Consumers may also have options like payment installment plans but are cautioned against putting tax bills on credit cards because of the interest rates this could incur.

Those seeking to pay down debts and manage their bills can also make payday loans a part of their financial strategy.

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