Debt Facts
29 May 2019
Debt Facts
28 May 2019
How do debt management companies work?
Important Update (June 2025):This blog was originally published in 2019. Since then, there have been important updates to IVA (Individual Voluntary Arrangement) protocols and guidance. While much of the information below may still be useful, some details may now be…
Debt Facts
23 May 2019
How often can someone file for bankruptcy?
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…
Debt Facts
23 May 2019
Can I claim PPI if on a Debt Management Plan?
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 claim PPI on a DMP.Regardless of what claims management…
Debt Facts
20 May 2019
Can I change from a DMP to an IVA?
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…
Debt Facts
17 May 2019
What is a warrant of control?
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…
Debt Facts
16 May 2019
Dealing with official receiver after bankruptcy
Debt Facts
16 May 2019
Can creditors refuse a Debt Management Plan?
You may be in debt and have found that a Debt Management Plan (DMP) is a suitable way of repaying the money you owe to creditors in smaller installments. However, can creditors turn you away if you’re looking to apply…
Debt Facts
13 May 2019
Can you file bankruptcy yourself?
Bankruptcy is a debt solution that should never be taken lightly, and should only be undertaken following professional advice. However, sometimes it can be taken out of your control. We’re here to tell you what it is and how you…
Debt Facts
10 May 2019
Paying Off Credit Card Debt
The number of people stuck with paying off credit card debt is rising. A recent study found that each UK household has around £2,688 in unpaid credit card debt. There may be a number of causes behind the UK’s credit…
Debt Facts
10 May 2019
How long does it take to improve credit score?
Having a low credit score affects your ability to take out credit. You can always improve your credit score, but you’ll need to take some steps to achieve this.What is a credit score?A credit score is a numerical rating given…
Debt Facts
1 May 2019
Can Debt Collection Agencies Take You to Court?
Debt collection agencies work on behalf of creditors to collect a debt you’ve been unable to pay. As part of their attempts to make you pay, they may threaten court action. They have the power to do this, although only…
Debt Facts
30 Apr 2019
How long does bankruptcy last?
If you have been forced into bankruptcy or have decided/been advised it is the best course of action for you, it’s important to know the ins and outs of what to expect. What is bankruptcy? Bankruptcy is a debt solution…
Debt Facts
30 Apr 2019
Can you find out if someone has filed bankruptcy?
Debt Facts
30 Apr 2019
Can I cancel my IVA at any time?
If you are currently in an IVA, you will have been (and possibly still are) in financial difficulty and have sought a debt solution to help relieve your worries. Therefore, you should think carefully before seeking to cancel your arrangement.What…
Debt Facts
5 Apr 2019
An Expert Opinion… Debt Relief Order with Diane Watson
Hi Diane, can you briefly explain what it is you and the Debt Relief Order team do here at PayPlan?My role is the Competent Authority Liaison, which means I’m the link between PayPlan and the Insolvency Service. I’m also an…
Client Stories
19 Feb 2019
Has Universal Credit been a failure? – We asked our clients
With food bank use still rife across the UK and a considerable amount of in-work families still needing to use food banks, the controversy over Universal Credit rages on. In order to make sense of how well Universal Credit is…
Debt Facts
26 Sep 2018
How a Debt Management Plan (DMP) affects your credit
If you’re in a Debt Management Plan (DMP) or thinking about going into a DMP then it is important to understand how this will affect your credit file.A DMP is an arrangement that can be made between you and your…
Debt Facts
12 Sep 2018
How an IVA affects your credit
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between an individual and their creditors. It allows you to pay back one monthly affordable repayment and the creditors often agree to write off a certain percentage of your debts.…
Debt Facts
21 Aug 2018
Which Debt Should I Pay Off First?
When your lenders are constantly phoning you, and you have received several ‘final reminder’ letters, you might be losing sleep about which debt you should pay off first. All debts need to be paid eventually, unless you have an agreement…