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Can bankruptcy affect my employment
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…

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

Being declared bankrupt can be a daunting experience. If you know how to work with the Official Receiver however, you may find the experience a lot easier. Find out more about what the Official Receiver does and how you should…

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

What is Debt Management?

Debt management is any plan put in place to help somebody in debt repay the money they owe to their creditors. Consequences of missing certain payments can be more severe than others. In some cases, you could be made bankrupt…

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…

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?

Bankruptcy can have a huge impact on an individual and it’s understandable that someone may not wish to advertise their financial situation to the world. However, once somebody is declared bankrupt, their details are legally required to be available for…

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 am…

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…

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…

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…

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