What powers do debt collection agencies have?

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…

Are debts shared in divorce?

Going through divorce isn’t easy. Along with all the emotional stress, you’ll have to deal with splitting up your assets in a reasonable manner and arranging how your debts are divided up, which is easier said than done. However, if…

Debt management plan moving abroad

If you have recently moved abroad but still have outstanding debts held in the UK, you’ll need to know what this means for you. Moving overseas doesn’t mean the debt will go away but you may be able to deal…

How do I complain about a debt collection agency?

If you have found yourself in debt and are struggling to pay back the money you owe to your creditors, you may be approached by a debt collection agency. The agency will work on behalf of your creditor to try…

Budgeting with a Debt Management Plan

What is a DMP? A Debt Management Plan, or DMP for short, is an informal arrangement between you and your creditors. Although not a legally binding agreement, firms who set up Debt Management Plans need to be authorised and regulated…

How to Get Out of Debt and Spring Clean Your Finances

The January blues have subsided and the sun is coming out. The temptation to loosen the belt and relax your spending habits is undeniable. Here at PayPlan we’ve put together a list of financial top tips for creating and staying…

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…

What does safe gambling look like for you?

When you consider that people in the UK gambled £13.9bn between October 2016 and September 2017* (the most recent period for which figures are available) then it comes as no surprise that problem gambling is on the rise. These alarming…

A Third of People Wait Up To Four Years Before Getting Debt Help

Almost 30% of people in financial difficulty admit they wait three to four years before reaching out for debt advice.

Become debt free – 5 tips from a PayPlan client

Want some motivation this fine Monday morning? Nothing inspires us more than the story of a PayPlan client who successfully became debt free. Alongside our many success stories, these helpful tips and tricks from our previous client, Andy, could help you…