Debt Facts
16 May 2019
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
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
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…
Debt Facts
15 Aug 2018
Can Debts Be Written Off?
This is one of the most common questions that people ask us, and the short answer is ‘when you’ve paid back what you owe’. But if there is no communication between you and your creditors, and six years elapse, the…
Debt Facts
13 Aug 2018
‘Joint and Several’ Liability: Who’s Responsible For Debt?
A joint and several liability agreement can apply to mortgages, tenancy agreements, council tax and water bills in jointly-occupied housing, as well as unsecured credit like personal loans. Below, we answer some of the most commonly-asked questions on the subject.…
Debt Facts
2 Aug 2018
Is It Better To Have Good Debt or No Debt At All?
As well as having a negative impact on your finances, bad debt can leave you stressed and unhappy – that’s why most of us want to avoid at all costs. You may think it’s best to be completely debt-free, but…
Debt Facts
26 Jul 2018
Am I Still Liable For My Debts?
Debt Facts
24 Jul 2018
Will Debt Collectors Come To My House?
We’ve probably all seen TV shows where bailiffs turn up at someone’s house, either to evict them or seize their possessions to repay their debts. Programmes like these often make for difficult viewing, but they are particularly distressing if you…
Debt Facts
7 Jul 2018
Gambling Addiction & Debt
I recently read about a man who has gambled since he was 12 years old. He believed he needed to gamble in order to survive. He is now older and married with 2 children, yet he still gambles. His wife…
Debt Facts
21 Jun 2018
Will debt collectors sue?
Living with money worries is often the cause of sleepless nights, especially if you’re concerned about debt collectors taking you to court.When you fall into arrears on a credit card or loan, the creditor can launch legal proceedings against you…
Debt Facts
8 Jun 2018
What Happens to Personal Debt After Death?
Most of us would like to think that our relatives are going to be looked after when we’re not around anymore, or at the very least, be sure they won’t inherit any debts we might have built up over the…
Debt Facts
6 Jun 2018
What’s the difference between debt and credit?
There are times when you may feel like you can’t get away from credit card and loan advertisers, offering no end of tempting deals. But behind the slogans, it can be difficult to work out whether a product is right…
Debt Facts
3 Apr 2018
The Facts: PPI and Debts
What happens with PPI if I’m repaying my debts?PPI or Payment Protection Insurance mis-selling claims relate to insurance that a creditor may have mis-sold to an individual.If you were incorrectly sold Payment Protection Insurance, you may have the right to…