• Welcome to PayPlan’s debt advice blog!

    The PayPlan Blog 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 chat.

  • blue monday

    Blue Monday – The most depressing day of the year

    Written by PayPlan

    What’s so blue about Monday? Known by many as the most depressing day of the year, ‘Blue Monday’ is called as such for a number of reasons. For many, the post-Christmas debt is due, so many will be feeling the…

  • New year, new credit card debt?

    Written by Sam Critten

    Another Christmas has come and gone, and another January has arrived, which can only mean one thing…credit card debt, and lots of it.The festive financial hangoverEvery year, thousands of Brits brace themselves for letters from their credit card providers as…

  • How to Save Money on Household Bills

    Written by Tom James

    This is a guest blog on how to save money on household bills from Compare The Market.Sometimes it can be difficult to avoid debt if your expenditures are greater than your income but making small changes to your lifestyle and…

  • Buy Now, Pay For it Later

    Written by Will Lyon

    We’re stepping up to warn of the threat that Buy Now Pay Later (BNPL) schemes pose to consumers. Companies such as Klarna, Laybuy and Clearpay allow consumers to make online purchases and spread the cost through instalments over an agreed…

  • What’s Happening With Universal Credit?

    Written by Will Lyon

    Universal Credit (UC) was first introduced in 2013 to simplify the benefits system. To say it’s proved problematic is an understatement, with increased waiting times and the exclusion of rent and Council Tax considerations. In last month’s general election, Labour…

  • Can You Get a Mortgage With an Outstanding Debt?

    Written by Will Lyon

    In a word, yes. Regardless of the myth that arrears of any kind will ruin your chances, you may still be able to get a mortgage whilst having an outstanding debt. When applying for a mortgage, you’ll need to come…

  • How Will Brexit Affect Your Finances?

    Written by PayPlan

    Britain’s departure from the EU is causing no end of uncertainty. We’ve taken to answer some FAQs to help you understand what’s going on in the world of Brexit, and how it will affect your personal finances in three key…

  • Here’s Why Your Bank Balance May be About to Shrink

    Written by Tom James

    New rules from the Financial Conduct Authority (FCA) are shaking up the way bank balances are presented to account holders. Here’s why your bank balance is going to look a little bit different… What’s going on?The FCA – a financial regulatory…

  • Will Your Partner’s Debts Affect You?

    Written by Chelsea Potter

    One of the most common concerns our customers express is whether their debts will affect their partner. This detailed blog post discusses marriage and debt and looks at how you and your partner can be financially linked. A useful read…

  • Can I Get Redundancy Pay if I am Over 65?

    Written by Tom James

    It used to be that most people were retired by the age of 65. Unfortunately however, this is no longer the case. If you are working over the age of 65, you may be doing it to support your lifestyle…

  • 5 Ways to Make Christmas More Affordable

    Written by Tom James

    Christmas might still be six weeks away but it is an expensive time of year - a time when a lot of people start to feel overwhelmed by the costs and turn to credit for help. This week's blog post…

  • Can you Get Legal Aid for a Divorce?

    Written by Tom James

    What is legal aid?Legal aid is money used to help support the costs required for legal advice and representation in court. This includes tribunals and family mediation. Whether you are eligible for legal aid is dependent on your individual case…

  • Do you Pay Tax on Redundancy Pay?

    Written by Tom James

    Redundancy can be a difficult time, especially if you loved your job and it was bringing in a suitable income for your lifestyle. Find out how redundancy can affect you when it comes to tax and other factors. What is redundancy…

  • Is Christmas Unaffordable for the Average Household?

    Written by Tom James

    Recent research from PayPlan has found that over half of parents will rely on their credit cards to cover their essential living costs this Christmas.Christmas is a time for spending with loved ones, but this usually results in overspending and…

  • Cheap holiday ideas for 2020

    Written by PayPlan

    Going back to work and facing reality again after some time off at Christmas can give even the most positive person cause to feel a bit down. It’s understandable, then, that the months after Christmas are some of the most…

  • How to budget in 2020

    Written by PayPlan

    The new year symbolizes a fresh start and a chance to make changes in your life. You may feel the pinch after a period of heavy Christmas spending, and, given the current financial and political climate, it’s easy to be…

  • How Much Debt do I Need to File Bankruptcy?

    Written by Tom James

    What is bankruptcy?Bankruptcy is a debt solution suitable for people who cannot pay outstanding bills to their creditors on time. When an individual’s total debts are bigger than the value of their assets, they will be deemed insolvent and in a…