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…

Am I Still Liable For My Debts?

The world of personal finance can be tricky to navigate, and one of the most common questions asked on our forum is whether you’re still responsible for old debts, or ones your ex-partner has racked up. Below, we’ve provided answers…

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…

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…

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…

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…

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…

Can you inherit debt from your parents?

The loss of a parent is an emotional, trying time but the worry of having to deal with their debts can make this period even harder. However, it’s important to note that when a person dies, their debts are paid…

Changing energy suppliers when you’re in debt

We all want to pay less for our energy – especially in the winter months – but what if you’re looking to change energy supplier but still owe them money?Whether it’s a new debt from your most recent bill that…

What is a third party debt order?

As soon as you hear the word court, alarm bells may start to ring. But if the court system is involved in your debt struggles, it’s important to understand the facts and keep a level head.If you are late on…

What happens to your debt when…

Some of our most common questions often centre around what will happen to debt in different scenarios. For example, what happens to debt when you die? We thought this week’s blog post would be the perfect opportunity to explain how…

Payday Loans: What are they?

Payday loans might seem like a good solution when you're short of money but with high interest rates, are they a slippery slope into deeper debt? Learn more about what they are and how they are regulated in our latest…

Top 10 FAQs about Trust Deeds

PayPlan Scotland speak to hundreds of clients in Trust Deeds every day. Some questions come up time and time again, so the team at PayPlan Scotland have put together a list of the Top 10 things they get asked about…

Top 10 Questions about Debt Management Plans

Guest post by Rhianne Hall from PayPlan’s DMP Annual Review team   Speaking to clients in Debt Management Plans (DMPs) on a daily basis gives you an idea of the questions that are generally asked throughout the course of the…

What affects your credit rating?

There are some things that will obviously affect your credit rating; failing to make payments, and overloading yourself with debt and County Court Judgments (CCJs). You probably already know that these will affect how much of a risk future lenders…