Payplan Plus Helps Payplan Clients Save Money Amidst Financial Turmoil

Written by Payplan on 19 September 2008

Volatile and Unpredictable – A Week of Financial Turmoil

The last seven days have been some of the most volatile, unpredictable and potentially damaging to the world’s economy for several decades.

In the UK alone, the financial problems of its largest mortgage lender HBOS has prompted a massive takeover deal worth £12.2 billion by Lloyds TSB.

UK Mortgage lending has itself recorded a 36% drop compared with August last year, according to the Council of Mortgage Lenders (CML). And worldwide, the collapse of Lehman Brothers, and the problems facing large investment and insurance companies like Merrill Lynch and AIG have led to fears of financial meltdown across the world’s strongest economies. Many financial commentators are now more nervous than ever about what this means for consumers.

Many UK Families Struggling Financially for Several Years

However, it’s easy to forget that many families in the UK were already financially overstretched, well before the Credit Crunch and recent hikes in food, petrol, gas and electricity prices hit home. Consumer debts such as credit cards had already reached record levels, and many individuals, families and businesses had found themselves with serious debt problems resulting from years of overspending and budget mis-management.

Recent problems – such as rising inflation, rising living costs and rising unemployment – can only add to what was already becoming a problem too big to handle for many in the UK.

Paylpan Plus Can Save Clients Money


Especially at times like these, Payplan believes it’s really important that its clients are given all the tools possible to help them take control of their debts, whether through a free Debt Management Plan (DMP) or an IVA.

This is why Payplan gives all its clients free access to Payplan Plus, a unique online service that allows clients to make and track payments, monitor payment dates and keep an eye on outstanding debts to each and every creditor giving them the confidence that creditors are being paid and their debts are reducing.

Help and Support with Legal Threats

Not only this, Payplanplus offers further support, information and advice for common situations that can arise when dealing with debt, such as what to do when receiving letters threatening legal action (eg county court judgments or CCJs).

Payplan Plus Can Help Debtors Reduce Their Expenditure

Importantly, during this period of economic uncertainty, Payplan Plus also gives clients access to numerous special offers and advice on complimentary products that could save them money on their essential expenditure – these include things such as ensuring that their home and car insurances remain competitive, utility bills such as the phone, gas or electricity are not costing them more than they should and that they can access their money by using the correct kind of bank account for their situation.

It’s really important to Payplan that their clients’ debt solutions succeed, so by helping them save money on their monthly budget in this way, Payplan believe that Payplan Plus can help ease the pressure that dealing with debt can bring.

Through Payplan Plus, clients also have direct contact with their case officers online, allowing them to help and support clients quickly, whilst reassuring them at the times when it’s needed most.

Reassurance, Help & Support – Payplan Plus is free for Payplan clients

Reassurance, help and support – this is what Payplan Plus is for, and what’s more, it’s completely free. If you’d like further information about Payplan Plus, then you can visit Payplan’s website or simply contact a Payplan debt adviser for further details.

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This article was checked and deemed to be correct as at the above publication date, but please be aware that some things may have changed between then and now. So please don't rely on any of this information as a statement of fact, especially if the article was published some time ago.

3 thoughts on “Payplan Plus Helps Payplan Clients Save Money Amidst Financial Turmoil”

  • Rob

    September 28, 2008 at 7:13 pm

    Easy Ways To Organize Your Finances

    Taking control of your finances can feel like a part-time job. Some simple tips can help you streamline your time, organize your finances and reduce the stress of money matters.

    1. Keep Your Bills in One Place

    When the mail comes, make sure it goes in one place. Misplaced bills can be the cause of unwanted late fees and can damage your credit rating. Whether it’s a drawer, a box, or a file, be consistent. Size is also important. If you get a lot of mail, use an area that won’t get filled up too quickly.

    2. Pay Your Bills on Schedule

    Bill paying can be simplified if it’s done at scheduled times during the month. Depending on how many bills you receive, you can establish set times each month when none of your bills will be late. If you’re paying bills as you receive them, chances are you’re spending too much time in front of the checkbook. Although bills may state “Payable Upon Receipt”, there’s always a grace period. Call the creditor to find out when they need to receive payment before the bill is considered late.

    Reply Report comment

    • carol crouch

      August 18, 2016 at 5:52 am

      will you take on a new debt to the existing debt I have with you

      Reply Report comment

      • Jane Clack

        August 18, 2016 at 11:26 am

        You need to tell us about it and why you left it out or had to take it out and we will amend your plan accordingly. Please contact your csae officer as they are there to help.

        Reply Report comment

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