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
8 Jul 2019
How do I set up online banking?
News and Stories
5 Jul 2019
Don’t be fooled by fake websites!
Are you worried about fake websites? We know that there’s no shortage of debt advice companies in the UK. Some, like us, offer free advice and free debt management plans, whilst others offer free advice but charge both a set-up…
Money Management
1 Jul 2019
How To Lower Credit Card Interest
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…
Debt Facts
1 Jul 2019
How successful are IVAs?
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…
Debt Facts
1 Jul 2019
How are IVA payments worked out?
An IVA is usually a 5 to 6-year debt solution designed to help you write off the majority of your unsecured debts through regular monthly repayments.You will work with a debt advice provider (such as PayPlan) to go over your…
Living in Debt
1 Jul 2019
Can an IVA take my inheritance?
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,…
Money Management
25 Jun 2019
Tax credit overpayments
Money Management
18 Jun 2019
A Guide to Buying Goods on Finance
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…
Money Saving Ideas
18 Jun 2019
Get to Grips With Your Food Shop
GET TO GRIPS WITH YOUR FOOD SHOP The chances are, food shopping accounts for a large chunk of your household spending. Of course, everyone has to eat – but right now you might be shelling out much more than you…
Money Management
18 Jun 2019
How to Cancel A Direct Debit
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…
Living in Debt
18 Jun 2019
I Can’t Afford Bankruptcy
‘I can’t afford bankruptcy’ sounds like an oxymoron. You’re already in a poor financial situation. Why should making it worse cost money?The truth is, bankruptcy is often a more favoured option to other alternatives. And for those faced with severe…
Money Management
6 Jun 2019
How to Reduce Your Spending
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…
Money Saving Ideas
6 Jun 2019
5 Money Saving Tips to Help Your Budget
House prices are on the rise, the increasing cost of living is showing no sign of slowing down. Now is a good a time as any to be making cutbacks, so here’s 5 money saving tips to help your budget…
Debt Facts
30 May 2019
Is it Legal for Debt Collectors to Call Family Members?
Living in Debt
29 May 2019
Can I add Debts to my IVA?
There isn’t a simple yes or no answer to this question, unfortunately.An Individual Voluntary Arrangement (IVA) is a legally binding debt solution, and once you’ve agreed to the terms and conditions it can be difficult to add new debts to…
Debt Facts
29 May 2019
Does a DMP Affect Your Mortgage?
A Debt Management Plan (DMP) is a debt solution that doesn’t include secured debts, which are debts secured against property that you own. This includes things like cars (auto loans) and property, meaning that if you’ve got a mortgage your…
Living in Debt
29 May 2019
How to Stop Debt Collection Letters in the UK
Debt collection letters can be intimidating and you may not know what to do when one drops on your doormat. We’ve talked before about what to do when bailiffs come knocking at your door, but what should you do when…
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…