• 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.

  • How to reduce your spending

    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 Will Lyon

    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…

  • Can I get a mortgage with a trust deed?

    Written by Will Lyon

    A Trust Deed is an arrangement between you and your creditors to pay off your unsecured debt. Trust Deeds are sometimes referred to as a ‘Scottish IVA’ (IVA meaning Individual Voluntary Arrangement) as they’re not available in other parts of…

  • How do debt management companies work?

    Written by Sam Critten

    When you’re in debt, it can seem like the whole world is against you. Letters from your creditors asking for money, constant phone calls asking when you’re going to pay off your debt, emails every day asking when you’re going…

  • Five steps to helping self-employed clients with debt advice

    Written by PayPlan

    With the number of self-employed individuals at record levels, Nick Payne, Insolvency Practitioner at free debt advice provider PayPlan Bespoke Solutions Limited, explains how self-employed clients need a tailored approach. The BBC has reported that the number of self-employed workers…

  • How often can someone file for bankruptcy?

    Written by Will Lyon

    Bankruptcy is a solution people turn to when looking to discharge their debts. It usually lasts for a year, depending on the specifics of the case. Bankruptcy laws dictate that an individual can file an infinite amount of times. Having…

  • Can I claim PPI if on a Debt Management Plan?

    Written by Will Lyon

    Are you in a Debt Management Plan? Do you feel as though at some point you’ve been missold Payment Protection Insurance (PPI)? The good news is that yes – you can reclaim PPI on a DMP. Regardless of what claims…

  • Client Story – Amy

    Written by PayPlan

    How much debt were you in when you asked PayPlan for help? When I initially called PayPlan to see if they could help me, I was in around £15,000 worth of debt. I said to the person on the phone…

  • Top 5 Tips to Save Energy at Home

    Written by Will Lyon

    According to the UK’s energy regulator, the average household spent around £1123 a year on both gas & electricity in 2017(most recent estimate). In addition, energy bills are likely to rise by more than £100 for 15m households. Coupled with…

  • Can I change from a DMP to an IVA?

    Written by Will Lyon

    A Debt Management Plan (DMP for short) is an agreement between you and your creditors to repay your unsecured debt in manageable monthly instalments. Because a DMP is an informal arrangement, you are not lawfully obliged to remain within it…

  • How to Respond to a Debt Collection Letter?

    Written by Will Lyon

    Debt collection letter are the most common form of contact used by creditors to remind you of an unpaid debt. You may find that if you’ve missed multiple payments, these letters start to pile up. A debt collection letter of…

  • What is a warrant of control?

    Written by Sam Critten

    If a creditor successfully has a County Court Judgment (CCJ) awarded against you and you don’t pay it, then a creditor may apply to court for a Warrant of Control. Put simply, this is a legal document that allows bailiffs…

  • How to manage debt stress

    Written by Sam Critten

    Feeling anxious about debt? You’re not alone. One in two adults in debt in the UK has a mental health problem, and one in four people who’ve got mental health problems are also currently in debt.* Whether it’s credit card…

  • Does bankruptcy affect your employment?

    Written by Sam Critten

    Bankruptcy is a debt solution that’s often only considered as a last resort. Once you’ve declared bankruptcy, a trustee will sell your assets in order to repay as much of your debt as possible. After this is over the remainder…

  • What powers do debt collection agencies have?

    Written by Tom James

    You will probably have heard of debt collection agencies, but who are they and what can they do? What is a debt collection agency? A debt collection agency, also known as a debt collector, works on behalf of your creditors…

  • Are debts shared in divorce?

    Written by Will Lyon

    Going through divorce isn’t easy. Along with all the emotional stress, you’ll have to deal with splitting up your assets in a reasonable manner and arranging how your debts are divided up, which is easier said than done. However, if…