Written by PayPlan
Receiving a letter from HMRC saying that you’ve received tax credit overpayments can be incredibly frustrating; not only because you won’t have been expecting it, but because you’ve now got to give back a chunk of money that HMRC gave you in the first place. Why have I been overpaid…
Written by PayPlan
A guide to buying goods on finance Unfortunately, we don’t always have the money we need to make the purchases we want. This is where finance agreements come in. Buying goods on finance can give you access to products you otherwise couldn’t afford. But understanding your options when it comes…
Written by Will Lyon
What is a Direct Debit? A Direct Debit is form of payment authorised by the Financial Conduct Authority (FCA). It involves a set amount being transferred from one bank account to another on an agreed date. Direct Debits are typically used to pay bills, and are a good way to…
Written by PayPlan
There are many reasons why we might want to reduce our spending. Some of us might live on a tight budget, and need to cut down on spending for essential items without borrowing more money. Others might want to cut down on their spending so they can save up for…
Written by PayPlan
With the number of self-employed individuals at record levels, Nick Payne, Insolvency Practitioner at free debt advice provider PayPlan Bespoke Solutions Limited, explains how self-employed clients need a tailored approach. The BBC has reported that the number of self-employed workers has risen from 3.3 million in 2001 to 4.8 million…
Written by Will Lyon
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 by the Financial Conduct Authority. A DMP allows you to…
Written by Tom James
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 rating given to an individual based on their financial lending…
Written by Emmanuelle Kopliku
Pension credit is changing as of May 15th 2019 Are you living with a partner? Is one of you aged over 65 and the other under 65? If so, then there could be some big changes happening with any new pension credit claims you make. Currently you can make a…
Written by PayPlan
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 on a budget this spring. We’ve also included solutions for…
Written by PayPlan
Feeling blue after getting into the red over the festive period? Fear not, there are lots of things you can do about problem credit card debt to get you back on the path to financial freedom in 2019.Assess your situationThe first step to tackling a credit card problem (or any…
Written by PayPlan
What is Big Energy Saving Week?Big Energy Saving Week (BESW) is a national partnership campaign aimed at helping people to understand their energy use and get cheaper energy bills. BESW offers helpful links to compare energy bills, as well as support and guidance. Who organises Big Energy Saving Week?Several organisations head…
Written by PayPlan
Christmas is on the horizon and, understandably, many people will be out bargain hunting on Black Friday. Every year shoppers in the UK raid both the high street and the Internet to pick up cheap deals in the US-inspired shopping spree, with over £1.4bn spent online alone in 2017.* It’s hardly…
Written by PayPlan
If you’re looking at ways to cut your monthly costs, one thing you can’t do without is food! But that doesn’t mean you have to splurge on takeaways and the finest brands in the supermarket… you can still eat well whilst keeping your costs down. Here at PayPlan, we’ve come…
Written by PayPlan
Sam and Emma, two of our Debt Heroes, speak to people every day who need help and support due to money worries and financial difficulties. We caught up with our Debt Heroes and asked them what top tips they follow at home to help their money go further. Emma’s top…
Written by PayPlan
Credit card debt can quickly mount up and if you are finding it tough to repay what you owe, there are ways to tackle your credit card debt and free yourself from increasing interest costs.In some cases, if the debt on a credit card is high, this means the minimum…
Written by PayPlan
Most of us are so used to flashing the plastic at the till and online that we rarely give it a second thought. Of course, credit cards are useful for household budgeting, helping you to spread the cost of big-ticket items, build your credit score and tap into rewards like…
Written by PayPlan
Many of us dip into our overdraft before payday and sometimes – if the month has been a particularly busy one or if any unexpected payments have surfaced – this means what we do receive from our wages could quickly be eaten up to cover what we now owe.It can…
Written by PayPlan
It’s a few weeks into 2018, and we all know how hard it can be to keep motivated to meet your New Year goals. Despite the days getting longer, the evenings are still dark, the weather is still damp and grey and those post-Christmas bills have been received. So we’ve…
Written by PayPlan
A common question, when it comes to mortgage debt, is ‘can I pay my mortgage with a credit card?’. If you are considering paying your mortgage with a credit card, this guide breaks down whether you should do this: Can you pay your mortgage with a credit card?Yes, you can…
Written by PayPlan
No one plans to get into debt. But sometimes the unexpected happens and managing personal and household finances become more of a challenge. When money is tight we might find ourselves having to make a decision about which bills we can afford to pay and which ones must wait. But…
