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.
Money Management
16 Jan 2020
How to Save Money on Household Bills
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…
Living in Debt
4 Dec 2019
Will Your Partner’s Debts Affect You?
Living in Debt
4 Dec 2019
How do I write a letter to freeze credit card interest?
How do I write a letter to a credit card company to freeze interest? Having interest and charges frozen on your credit cards can make a huge difference to the length of your repayment period. For many people a solution…
Living in Debt
3 Dec 2019
Can I Get Redundancy Pay if I am Over 65?
What is redundancy pay? If your employer informs you that your job is no longer necessary to the business, you are likely to be made redundant. If this happens, you will receive redundancy pay depending on how long you have…
Living in Debt
3 Dec 2019
5 Ways to Make Christmas More Affordable
Christmas might still be six weeks away but it is an expensive time of year - a time when a lot of people start to feel overwhelmed by the costs and turn to credit for help. This week's blog post…
Debt Facts
2 Dec 2019
Can you Get Legal Aid for a Divorce?
What is legal aid?Legal aid is money used to help support the costs required for legal advice and representation in court. This includes tribunals and family mediation. Whether you are eligible for legal aid is dependent on your individual case…
Debt Facts
2 Dec 2019
Do you Pay Tax on Redundancy Pay?
Redundancy can be a difficult time, especially if you loved your job and it was bringing in a suitable income for your lifestyle. Find out how redundancy can affect you when it comes to tax and other factors. What is redundancy…
News and Stories
28 Nov 2019
Is Christmas Unaffordable for the Average Household?
Recent research from PayPlan has found that over half of parents will rely on their credit cards to cover their essential living costs this Christmas.Christmas is a time for spending with loved ones, but this usually results in overspending and…
Money Saving Ideas
26 Nov 2019
Cheap holiday ideas for 2020
Money Saving Ideas
26 Nov 2019
How to budget in 2020
The new year symbolizes a fresh start and a chance to make changes in your life. You may feel the pinch after a period of heavy Christmas spending, and, given the current financial and political climate, it’s easy to be…
Debt Facts
25 Nov 2019
How Much Debt do I Need to File Bankruptcy?
What is bankruptcy?Bankruptcy is a debt solution suitable for people who cannot pay outstanding bills to their creditors on time. When an individual’s total debts are bigger than the value of their assets, they will be deemed insolvent and in a…
Debt Facts
14 Nov 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…
Competitions
8 Nov 2019
PayPlan Joins Collaboration to Tackle Financial Harms
GamCare, the leading national provider of gambling support, has launched a new collaborative initiative to tackle financial harms caused by problem gambling. PayPlan will be working hard to play a key part in this initiative and help those struggling financially.This…
News and Stories
7 Nov 2019
PayPlan study reveals the cost of Christmas for families across the UK
Christmas can be one of the most expensive times of the year for families in the United Kingdom. A new study conducted by PayPlan has found that many parents will even need to rely on the support of relatives, finance…
News and Stories
28 Oct 2019
Let’s talk debt and pensions during Talk Money Week 2019
What is Talk Money Week?Personal finance is often seen as a taboo subject but Talk Money Week is here to help break the stigma. Running from 18-22 November 2019, this year the campaign will be focused on pensions.Organised as part…