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.
Industry News
5 Feb 2021
New virtual enforcement powers for bailiffs
Industry News
3 Feb 2021
Financial education needed after Buy Now Pay Later clampdown
PayPlan welcomes the FCA’s decision to clamp down on Buy Now Pay Later (BNPL) credit. They are calling for stronger financial education in the sector.What has happened?The FCA stepped in to help better protect consumers from BNPL debt and other…
Industry News
1 Feb 2021
Financial Wellbeing hub launched
PayPlan launches Financial Wellbeing hubDebt is a major problem in the UK. The effects of Coronavirus over the past 12 months has caused more people to fall behind on repayments and require support with managing their money and mental health.…
Debt Facts
20 Jan 2021
Debt Relief Order (DRO) – Changes to Qualifying Criteria
New changes to DRO criteria from June 2021From June 2021, new changes were made to the qualifying criteria for Debt Relief Orders (DROs). They included:Raising the maximum debt level for DROs from £20,000 to £30,000Raising the maximum asset levels from £1,000…
In other news
18 Jan 2021
How to beat Blue Monday in 5 steps
What is Blue Monday?Blue Monday is said to be the most depressing day of the year. But, spoiler alert, it is nothing more than a 16-year old marketing idea that has gone viral every year since it was made up.The…
Living in Debt
12 Jan 2021
What to do if you’re struggling to pay your rent
With unemployment levels expected to reach a staggering 2.6 million by the middle of 2021, the sad reality is that many people across the UK will be struggling to pay their bills this year. Whilst redundancies are devastating for everyone,…
Money Saving Ideas
6 Jan 2021
Avoiding The New Year Debt Hangover
18 Dec 2020
Survey Report: Personal Finances in 2020
The pandemic has impacted many households this year, with more people struggling to manage their money than ever before.Our latest client report shows the worrying extent of people’s hardship in 2020, as well as how people are feeling moving into…
Surveys & Polls
8 Dec 2020
PRESS RELEASE: 82% feel financially insecure going into 2021
Our recent client survey shows the shocking reality of how people have coped in 2020, and how they feel heading into Christmas and the New Year Two thirds of us (66%) saw their income drop due to COVID-19 82% of…
Money Management
18 Nov 2020
Winter Financial Wellbeing
If this year has taught us anything, it’s to plan for the unexpected. At PayPlan, we’ve put together our top tips for looking after your financial wellbeing this Winter. Financial wellbeing isn’t just about what we spend, but it’s also…
News and Stories
13 Nov 2020
PayPlan team raises £1,500 for Broxtowe Women’s Project
The team at PayPlan have been busy raising money for East-Midlands domestic abuse charity Broxtowe Women’s Project (BWP).BWP offers support for individuals directly and indirectly affected by domestic abuse, but they also work with businesses (like PayPlan) to help staff…
In other news
11 Nov 2020
Let’s talk money!
Between 9-13 November, the Money and Pensions Service (MaPS), runs its national Talk Money Week annual campaign to encourage us to all open up about money. Having the confidence to speak out, or knowing who to turn to, can really…
Industry News
28 Oct 2020
What Will Happen When the Furlough Scheme Ends?
With the furlough scheme finishing at the end of October, the Government has put a new system in place to try and protect jobs – the Job Support Scheme (JSS).What is the furlough scheme?If you are on furlough, you are…
Industry News
29 Sep 2020
Toolkit to help people affected by gambling-related financial harm
Industry News
28 Sep 2020
How to claim back tax if you’re working from home
If you can work from home, then the government has advised that you do so. With winter just around the corner, here’s what you need to know about how to claim back tax when you’re working from home.What difference does…
Client News
23 Sep 2020
Are you living on a reduced income?
We’re all very aware of the financial impact that Covid-19 has had on household budgets. From getting a reduced income to no income at all – it’s been a challenge. Here’s what you can do if you are living on…
Money Saving Ideas
21 Sep 2020
Your Guide to Saving Money at Lunchtime
One of the UK’s top money saving brands, vouchercloud, discovered that making lunch at home could save you around £1,300 a year.Their survey revealed that 62% of British workers chose to purchase their lunch during the week, costing over £1,800…
News and Stories
16 Sep 2020
Why attend court when summonsed?
In this guest blog, Alan Murdie, LL.B, Barrister discusses why he believes people should attend court when summonsed. When I was at Bar School in the 1980’s, we were essentially taught:“You will be a barrister with rights to appear in all…
Industry News
14 Sep 2020
Truce for tenants facing eviction this Christmas
Do you rent in England or Wales? The government has recently announced a “truce” on enforcement action for tenants facing eviction this Christmas.Homelessness charity Shelter revealed that more than 170,000 private tenants have been threatened with eviction since the pandemic…
Industry News
10 Aug 2020
PayPlan and Experian discuss debt and credit score
Ryan Horton from PayPlan and John Webb from Experian answered the big questions concerning your credit score and debt in a Facebook Live event earlier this month.We’ve collated the questions covered, along with a few highlights from their answers…My income…