How to Respond to a Debt Collection Letter?

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,…

How to manage debt stress

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,…

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 to collect…

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…

Client Story: “My life is very different now that I’m debt-free”

As part of 2019 Mental Health Awareness Week, we want to share a story about one of our clients who found themselves in financial difficulty and the effect it has had on their life. Christina Burns is a mother of…

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…

Mental Health Awareness Week

Mental Health Awareness Week takes place each year in May. We all understand that it is important to look after your mental health, but how do we do this?There are many physical warning signs that you may be struggling with…