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
29 May 2019
How to Stop Debt Collection Letters in the UK
Debt Facts
29 May 2019
Can I Get a Mortgage With a Trust Deed?
A Trust Deed is an arrangement between you and your creditors to pay off your unsecured debt. Trust Deeds are sometimes referred to as a ‘Scottish IVA’ (IVA meaning Individual Voluntary Arrangement) as they’re not available in other parts of…
Debt Facts
28 May 2019
How do debt management companies work?
Important Update (June 2025):This blog was originally published in 2019. Since then, there have been important updates to IVA (Individual Voluntary Arrangement) protocols and guidance. While much of the information below may still be useful, some details may now be…
Money Management
23 May 2019
Five steps to helping self-employed clients with debt advice
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…
Debt Facts
23 May 2019
How often can someone file for bankruptcy?
Bankruptcy is a solution people turn to when looking to discharge their debts. It usually lasts for a year, depending on the specifics of the case. Bankruptcy laws dictate that an individual can file an infinite amount of times. Having…
Debt Facts
23 May 2019
Can I claim PPI if on a Debt Management Plan?
Are you in a Debt Management Plan? Do you feel as though at some point you’ve been missold Payment Protection Insurance (PPI)? The good news is that yes – you can claim PPI on a DMP. Regardless of what claims…
Client Stories
20 May 2019
Client Story – Amy
Money Saving Ideas
20 May 2019
Top 5 Tips to Save Energy at Home
According to the UK’s energy regulator, the average household spent around £1123 a year on both gas & electricity in 2017(most recent estimate). In addition, energy bills are likely to rise by more than £100 for 15m households. Coupled with…
Debt Facts
20 May 2019
Can I change from a DMP to an IVA?
A Debt Management Plan (DMP for short) is an agreement between you and your creditors to repay your unsecured debt in manageable monthly instalments. Because a DMP is an informal arrangement, you are not lawfully obliged to remain within it…
Living in Debt
20 May 2019
How to Respond to a Debt Collection Letter?
Debt collection letters are the most common form of contact used by creditors to remind you of unpaid debts. You may find that if you’ve missed multiple payments, these letters start to pile up. These should not be taken lightly,…
Debt Facts
17 May 2019
What is a warrant of control?
If a creditor successfully has a County Court Judgment (CCJ) awarded against you and you don’t pay it, then a creditor may apply to court for a Warrant of Control. Put simply, this is a legal document that allows bailiffs…
Living in Debt
17 May 2019
How to manage debt stress
Feeling anxious about debt? You’re not alone. One in two adults in debt in the UK has a mental health problem, and one in four people who’ve got mental health problems are also currently in debt.* Whether it’s credit card…
Living in Debt
17 May 2019
Does bankruptcy affect your employment?
Bankruptcy is a debt solution that’s often only considered as a last resort. Once you’ve declared bankruptcy, a trustee will sell your assets in order to repay as much of your debt as possible. After this is over the remainder…
Living in Debt
17 May 2019
What powers do debt collection agencies have?
Living in Debt
17 May 2019
Are debts shared in divorce?
Going through divorce isn’t easy. Along with all the emotional stress, you’ll have to deal with splitting up your assets in a reasonable manner and arranging how your debts are divided up, which is easier said than done. However, if…
Debt Facts
16 May 2019
Dealing with official receiver after bankruptcy
Being declared bankrupt can be a daunting experience. If you know how to work with the Official Receiver however, you may find the experience a lot easier. Find out more about what the Official Receiver does and how you should…
Debt Facts
16 May 2019
Can creditors refuse a Debt Management Plan?
You may be in debt and have found that a Debt Management Plan (DMP) is a suitable way of repaying the money you owe to creditors in smaller installments. However, can creditors turn you away if you’re looking to apply…
Living in Debt
14 May 2019
Debt management plan moving abroad
If you have recently moved abroad but still have outstanding debts held in the UK, you’ll need to know what this means for you. Moving overseas doesn’t mean the debt will go away but you may be able to deal…
Living in Debt
14 May 2019
How do I complain about a debt collection agency?
If you have found yourself in debt and are struggling to pay back the money you owe to your creditors, you may be approached by a debt collection agency. The agency will work on behalf of your creditor to try…
Client Stories
14 May 2019
Client Story: “My life is very different now that I’m debt-free”
As part of 2019 Mental Health Awareness Week, we want to share a story about one of our clients who found themselves in financial difficulty and the effect it has had on their life. Christina Burns is a mother of…