• Welcome to PayPlan’s debt advice blog!

    The Living Room is a vibrant social space to chat, share tips and pick up new ideas to live well on a budget. From free things to do with your kids this weekend to a big meal on a small budget, we’ll be sharing all of our ideas with you. And most importantly – we want you to share your top tips with us!

    So, what are you waiting for? Come in, make yourself comfortable, grab yourself a cuppa and get involved in the Living Room.

  • Sub-prime credit cards: are they worth the risk?

    Sub-prime credit cards: are they worth the risk?

    Written by PayPlan

    Trying to get credit when you’re in debt, or have a poor credit score, can be incredibly frustrating.  It might be the case that you’ve got a less-than-ideal credit score due to a County Court Judgment a few years ago,…

  • What is a CCJ?

    Written by Will Lyon

    Will a CCJ affect my credit rating? A CCJ will have a negative effect on your credit rating. Regardless of which credit reference agencies you use to check your credit score, iit’ll stay on your credit file for a period…

  • How do I set up online banking?

    Written by Tom James

    Online banking Gone are the days where popping into your local bank was the only way to pay your bills, manage debt, or withdraw and deposit money into your account. Online banking has brought convenience to everyday life, and although…

  • Don’t be fooled by fake websites!

    Written by PayPlan

    We know that there’s no shortage of debt advice companies in the UK. Some, like us, offer free advice and free debt management plans, whilst others offer free advice but charge both a set-up fee and monthly fee to manage…

  • How To Lower Credit Card Interest

    Written by Will Lyon

    Do you feel you were sucked in by an introductory interest rate? Have these rates risen to a point where you’re struggling to make the repayments? There are a number of things you can do to lower your interest rate…

  • How successful are IVAs?

    Written by Sam Critten

    What is an IVA? An IVA (Individual Voluntary Arrangement) is a debt solution whereby you pay back your unsecured debts to your creditors in monthly repayments usually over a 5 to 6 year period. If your IVA successfully completes, the…

  • How are IVA payments worked out?

    Written by Sam Critten

    What is an IVA? An IVA is usually a 5 to 6-year debt solution designed to help you write off the majority of your unsecured debts through regular monthly repayments. You will work with a debt advice provider (such as…

  • Can an IVA take my inheritance?

    Written by Tom James

    What is an IVA? An Individual Voluntary Arrangement, or IVA for short, is a debt solution whereby you pay all of your unsecured creditors back in monthly payments usually over a period of 5 or 6 years. Once the agreement…

  • Tax credit overpayments

    Written by PayPlan

    Receiving a letter from HMRC saying that you’ve received tax credit overpayments can be incredibly frustrating; not only because you won’t have been expecting it, but because you’ve now got to give back a chunk of money that HMRC gave…

  • A Guide to Buying Goods on Finance

    Written by PayPlan

    A guide to buying goods on finance Unfortunately, we don’t always have the money we need to make the purchases we want. This is where finance agreements come in. Buying goods on finance can give you access to products you…

  • Get to Grips With Your Food Shop

    Written by PayPlan

    GET TO GRIPS WITH YOUR FOOD SHOP The chances are, food shopping accounts for a large chunk of your household spending. Of course, everyone has to eat – but right now you might be shelling out much more than you…

  • How to Cancel A Direct Debit

    Written by Will Lyon

    What is a Direct Debit? A Direct Debit is form of payment authorised by the Financial Conduct Authority (FCA).  It involves a set amount being transferred from one bank account to another on an agreed date. Direct Debits are typically…

  • I Can’t Afford Bankruptcy

    Written by Will Lyon

    ‘I can’t afford bankruptcy’ sounds like an oxymoron. You’re already in a poor financial situation. Why should making it worse cost money? The truth is, bankruptcy is often a more favoured option to other alternatives. And for those faced with…

  • How to Reduce Your Spending

    Written by PayPlan

    There are many reasons why we might want to reduce our spending. Some of us might live on a tight budget, and need to cut down on spending for essential items without borrowing more money. Others might want to cut…

  • 5 Money Saving Tips to Help Your Budget

    Written by Will Lyon

    House prices are on the rise, the increasing cost of living is showing no sign of slowing down. Now is a good a time as any to be making cutbacks, so here’s 5 money saving tips to reduce your spending…

  • Is it Legal for Debt Collectors to Call Family Members?

    Written by Sam Critten

    Creditors will use an array of different tactics to try and recover money if you owe a debt to them. Repeated phone calls, automated emails, endless letters reminding you of the consequences of not paying…the list goes on. If these…

  • Can I add Debts to my IVA?

    Written by Sam Critten

    There isn’t a simple yes or no answer to this question, unfortunately. An Individual Voluntary Arrangement (IVA) is a legally binding debt solution, and once you’ve agreed to the terms and conditions it can be difficult to add new debts…

  • Does a DMP Affect Your Mortgage?

    Written by Sam Critten

    A Debt Management Plan (DMP) is a debt solution that doesn’t include secured debts, which are debts secured against property that you own. This includes things like cars (auto loans) and property, meaning that if you’ve got a mortgage your…

  • How to Stop Debt Collection Letters in the UK

    Written by Sam Critten

    Debt collection letters can be intimidating and you may not know what to do when one drops on your doormat. We’ve talked before about what to do when bailiffs come knocking at your door, but what should you do when…