How are we funded?

There are now numerous debt management companies who are making huge profits from charging their customers monthly fees and set-up costs for exactly the same service that Payplan offer for free.

John Fairhurst MD, Payplan Ltd

How our Debt Management Plans are funded

Payplan is funded in a unique and innovative way. Rather than charging our clients, we receive donations from the credit industry.

Please note: While Payplan receives donations from the credit industry, we remain completely impartial and deal with all creditors - not just the ones that donate!

Our reputation has grown over the years, winning huge support from other creditors and organisations that are keen to provide all members of the public with a totally free debt management service. However, we always work to get the best solution for you. Our aim is to find you a solution that is sustainable and realistic so you can repay your debts at a rate you can afford.

Read more about our free Debt Management Plans

How our IVAs are funded

Unlike most companies that provide IVAs, Payplan's Insolvency Practitioners do not charge upfront arrangement or assessment fees. Furthermore, you only start paying once your arrangement is agreed so if for any reason creditors reject your proposals or you choose to withdraw your offer, you will not have to pay for the work that we have done for you.

The monthly payments that you make into your arrangement will cover the payments to your creditors as well as the Nominee’s and Supervisor’s fees involved in an IVA. These fees will not affect your monthly payments, as by agreeing to the terms of the IVA your creditors agree to accept a lower return from the arrangement. This means that the payments remain affordable for you.

Read more about our IVAs

So which creditors support Payplan in providing free debt advice?

For immediate and free debt advice please call Payplan free on 0800 280 2816 or use our Debt Help Form to submit your debt problem online.

helping people in debt everyday since 1992

GET HELP NOW
In 5 Minutes Or Less