Category Archives: Money Management

  • How Do You Get a Car on Finance?

    Written by PayPlan

    If you’re unable to fund buying a car outright, you may instead look to financing one instead. There are many different types of car finance, so it’s important to consider all your options before getting into an agreement you may struggle to afford further down the line.  Types of car…

  • How to protect yourself financially in a separation

    Written by PayPlan

    It’s likely not going to be the first thing on your mind post-separation, but sorting out your financial situation quickly is essential after a breakup. If your separation didn’t happen under the best terms, acting quickly will give you the best chance of protecting yourself financially in a separation, and…

  • Redundancy Pay: What Are You Entitled To?

    Written by PayPlan

    What is redundancy? Redundancy is defined as an employer terminating a job role. This is usually done either because the job is no longer needed, or the employer needs to trim down the workforce. Being made redundant is often overwhelming. That’s why we’re here to try and make the process…

  • Stag do’s don’t have to be dear

    Written by Emmanuelle Kopliku

    Waving goodbye to one of your comrades as they take the well-trodden walk into matrimony can be a difficult experience, with the prospect of frequent 4am finishes and afternoons organised around Soccer Saturday firmly becoming a thing of the past. Organising your best mate’s Stag Do acts as a fine…

  • Be Mindful of your Money this Pension Awareness Day

    Written by Tom James

    What is Pension Awareness Day? Pension Awareness Day is an event that aims to promote the importance of saving for the future. Launched in 2014 by Pension Geeks, the initiative offers online and face-to-face advice for people to find out more about pensions and to help them prepare for their…

  • The Rising Cost of The Summer Holidays

    Written by Sam Critten

    The summer holidays should be one of the happiest times of the year for families. Children are set free from their school routine for six weeks, giving parents the chance the chance to enjoy some quality family time on days out, holidays or short trips away. As many of us…

  • Covering Funeral Costs: Your Options

    Written by Will Lyon

    Covering funeral costs may be the last thing on your mind after the death of a loved one. Unfortunately it’s something most of us will have to face at some point in our lives. Many people struggle to cover these expenses, and when the average cost of a funeral in…

  • Is Your Money is Covered by a Bank?

    Written by Will Lyon

    Indeed, we all want to make sure our money is safe in the bank. Luckily, there are various savings protection schemes in place which serve to make sure your cash is covered by a bank. Will these schemes affect me? Is your bank registered in the UK by either the…

  • How To Lower Credit Card Interest

    Written by Will Lyon

    Do you feel you were sucked in by an introductory interest rate? Have these rates risen to a point where you’re struggling to make the repayments? There are a number of things you can do to lower your interest rate and reduce the chances of credit card debt. Be it…

  • Can an IVA take my inheritance?

    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…

  • Tax credit overpayments

    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…

  • A Guide to Buying Goods on Finance

    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…

  • How to Cancel A Direct Debit

    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…

  • How to Reduce Your Spending

    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…

  • Five steps to helping self-employed clients with debt advice

    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…

  • Budgeting with a Debt Management Plan

    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…

  • How long does it take to improve credit score?

    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…

  • How to Get Out of Debt and Spring Clean Your Finances

    Written by Will Lyon

    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…

  • Consolidating credit card debt – our top 5 tips

    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…