Welcome to PayPlan’s debt advice blog!
Our blog covers the latest news at PayPlan, tips to help you save money, our latest press releases, expert insight and everything in between.
Living in Debt
5 May 2020
I’m worried about my finances – when is the best time to get help?
Industry News
29 Apr 2020
PayPlan Nominated for Best Financial Support Provider
The team at PayPlan are delighted to share their nomination for Best Financial Support Provider at the 2020 Consumer Credit Awards.This award highlights all the hard work that goes in behind the scenes in helping people towards a debt free…
News and Stories
8 Apr 2020
PRESS RELEASE: PayPlan warns about future demand for debt advice
One of the UK’s free debt advice providers, PayPlan, has said it expects to see a huge surge in demand for debt advice when the current temporary relief being offered by lenders comes to an end.The FCA called for interest…
Industry News
8 Apr 2020
Warning issued over loan sharks during Covid-19 pandemic
People suffering financially due to the Covid-19 pandemic are being urged to avoid loan sharks who cause profound misery and stress to their victims. Loan sharks are unregulated, often give cash loans without any paperwork and charge extortionate interest rates.
Money Saving Ideas
7 Apr 2020
Top tips to cut costs during Coronavirus
To help you budget better in these uncertain times, we’ve compiled a handy list of the ways you could save on your everyday outgoings.Check out your subscriptionsWhether you’re a gym buff, a film fanatic or a sporting supremo, you may…
Archive
31 Mar 2020
School closures and Coronavirus lockdown – how will all of this affect my finances?
The Coronavirus is causing changes to our daily lives. It’s hard to know how lockdown, school closures and changing working environments will affect our finances. One thing is for sure though, in all this uncertainty, our communities are really pulling…
Living in Debt
26 Mar 2020
What should you do if you’re self-employed and in debt?
Industry News
26 Mar 2020
Can I still Get Debt Advice During the Coronavirus Pandemic?
The Prime Minister recently announced a UK lockdown, which means people are being told to stay home and certain businesses have had to close as a result. This has affected millions of people in varying degrees of employment. The Chancellor…
In other news
25 Mar 2020
Emergency employment available during the Coronavirus pandemic
The Coronavirus outbreak has led to an increasing number of people coming to us for money advice. Many have had their income affected in some way, with some having lost theirs altogether. If you’ve been affected by either redundancy or…
Money Management
24 Mar 2020
Coronavirus and fraud
It’s encouraging to see that the majority of our society is pulling together during this difficult time, listening to the scientific advice set out by the government and helping each other where we can. Unfortunately, there will always be a…
Money Management
13 Feb 2020
5 things to do if you’re in persistent debt
You might’ve heard the phrase ‘persistent debt’ in the news recently, and with good reason.In a move designed to help borrowers avoid paying large amounts of money in interest and charges, the Financial Conduct Authority (FCA) has recently warned lenders…
Industry News
31 Jan 2020
Payday Loans: are there any alternatives?
The wrong way to use a payday loan Many people have a negative perception of payday loans and lenders, and this is largely due to the amount of horror stories that have emerged about them over the years. Most of…
Living in Debt
20 Jan 2020
Blue Monday – The most depressing day of the year
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…
Living in Debt
16 Jan 2020
New year, new credit card debt?
Money Management
16 Jan 2020
How to Save Money on Household Bills
This is a guest blog on how to save money on household bills from Compare The Market.Sometimes it can be difficult to avoid debt if your expenditures are greater than your income but making small changes to your lifestyle and…
Industry News
14 Jan 2020
Buy Now, Pay For it Later
We’re stepping up to warn of the threat that Buy Now Pay Later (BNPL) schemes pose to consumers. Companies such as Klarna, Laybuy and Clearpay allow consumers to make online purchases and spread the cost through instalments over an agreed…
News and Stories
13 Jan 2020
Computer Says No – Council Tax with Alan Murdie, LL.B
Alan Murdie, LL. B, Barrister gives his views on council tax in this guest blog: I have long maintained that council tax is an example of a science fiction scenario, where the computers have taken over. This has been a…
Competitions
13 Dec 2019
How to Save Money This Christmas & Avoid the Debt Hangover in 2020
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…
Debt Facts
10 Dec 2019
Can You Get a Mortgage With an Outstanding Debt?
In a word, yes. Regardless of the myth that arrears of any kind will ruin your chances, you may still be able to get a mortgage whilst having an outstanding debt. When applying for a mortgage, you’ll need to come…
Competitions
5 Dec 2019
Here’s Why Your Bank Balance May be About to Shrink
New rules from the Financial Conduct Authority (FCA) are shaking up the way bank balances are presented to account holders. Here’s why your bank balance is going to look a little bit different… What’s going on?The FCA – a financial regulatory…