Written by PayPlan
What’s so blue about Monday? Known by many as the most depressing day of the year, ‘Blue Monday’ is called as such for a number of reasons. For many, the post-Christmas debt is due, so many will be feeling the pinch. In addition, weather conditions are generally very gloomy and…
Written by Sam Critten
Another Christmas has come and gone, and another January has arrived, which can only mean one thing…credit card debt, and lots of it.The festive financial hangoverEvery year, thousands of Brits brace themselves for letters from their credit card providers as the financial hangover from Christmas really starts to hit home.…
Written by Chelsea Potter
One of the most common concerns our customers express is whether their debts will affect their partner. This detailed blog post discusses marriage and debt and looks at how you and your partner can be financially linked. A useful read for anyone in a relationship.
Written by Payplan Ryan
How do I write a letter to a credit card company to freeze interest? Having interest and charges frozen on your credit cards can make a huge difference to the length of your repayment period. For many people a solution like an Individual Voluntary Arrangement or a Debt Management Plan…
Written by Tom James
It used to be that most people were retired by the age of 65. Unfortunately however, this is no longer the case. If you are working over the age of 65, you may be doing it to support your lifestyle or the livelihood of others. You may just be doing…
Written by Tom James
Christmas might still be six weeks away but it is an expensive time of year - a time when a lot of people start to feel overwhelmed by the costs and turn to credit for help. This week's blog post offers some cost cutting tips to help make your Christmas…
Written by PayPlan
Christmas is a time when spending can easily get out of control. Even if you haven’t been extravagant, it takes a lot of planning and budgeting to avoid the January Christmas debt hangover. In January last year, around 7.9 million people said they were likely to fall behind with their finances…
Written by Tom James
Every year in September, organisations around the world campaign to raise awareness of suicide prevention for World Suicide Prevention Day. That’s why we’ve teamed up with the Samaritans to talk about suicide prevention ready for #WorldSuicidePreventionDay. Why is it important to talk about suicide? According to the Samaritans’ website[i], there…
Written by PayPlan
Being a student can be incredibly expensive. You’ve got to pay for accommodation, shopping, food and a host of other expenses. For those who’re living away from home for the first time, this can be a pretty big shock to the system, which is why it’s unsurprising that some students…
Written by Sam Critten
When you’re in debt it can be difficult to know what to do next. Trying to sort out payments to different lenders, juggling calls from multiple creditors asking for money, trying to sort your priority debts from those that can wait…it’s stressful on paper, let alone in reality. Trying to…
Written by Tom James
Online banking Gone are the days where popping into your local bank was the only way to pay your bills, manage debt, or withdraw and deposit money into your account. Online banking has brought convenience to everyday life, and although the initial research and admin may feel daunting, it’s actually…
Written by Tom James
What is an IVA? An Individual Voluntary Arrangement, or IVA for short, is a debt solution whereby you pay all of your unsecured creditors back in monthly payments usually over a period of 5 or 6 years. Once the agreement ends, a large proportion of your debts may be written…
Written by Will Lyon
‘I can’t afford bankruptcy’ sounds like an oxymoron. You’re already in a poor financial situation. Why should making it worse cost money? The truth is, bankruptcy is often a more favoured option to other alternatives. And for those faced with severe debt problems, it’s not simply a last resort. Despite…
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 don’t work, then another tactic they might use to get…
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 to your IVA. However, you may find you will want…
Written by Sam Critten
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 debt collectors start getting in touch from afar? Can you…
Written by Will Lyon
Debt collection letters are the most common form of contact used by creditors to remind you of unpaid debts. You may find that if you’ve missed multiple payments, these letters start to pile up. These should not be taken lightly, and acting on one immediately is always the best course…
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 debt, arrears or council tax debt, knowing that you owe…
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 of the debts included in your bankruptcy will be written…
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 to collect debts you owe. They will deploy their agents…
