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.
Debt Facts
24 Jul 2019
Can a Debt Management Plan Take My Pension?
Competitions
24 Jul 2019
PayPlan nominated for SHOMO award
We’re proud to announce that we’ve recently been nominated for the Best Brand, Charity or Money Blog Award at the 2019 UK Money Bloggers’ annual awards ceremony, the SHOMO awards. Sponsored by QuidCo, the awards are a chance for some…
Living in Debt
23 Jul 2019
When to Consider a Debt Management Plan
When you’re in debt it can be difficult to know what to do next. Trying to sort out payments to different lenders, juggling calls from multiple creditors asking for money, trying to sort your priority debts from those that can…
Debt Facts
22 Jul 2019
How Effective Are Debt Management Plans?
What is a DMP?How effective are Debt Management Plans? A Debt Management Plan (DMP for short), is a way for you to pay back your unsecured personal debt. Usually set up and managed by a debt management company or a debt…
Debt Facts
22 Jul 2019
Will An IVA Affect My Citizenship?
Why would an IVA affect my citizenship?When applying for British citizenship, why would an IVA affect my citizenship? Well, upon applying, the government will assess whether or not you have ‘good character’.This is their measure of deciding if or not…
News and Stories
18 Jul 2019
Sub-prime credit cards: are they worth the risk?
Trying to get credit when you’re in debt, or have a poor credit score, can be incredibly frustrating. It might be the case that you’ve got a less-than-ideal credit score due to a County Court Judgment a few years ago,…
Client News
18 Jul 2019
What is Phone Spoofing and How Can You Spot the Warning Signs?
Debt Facts
11 Jul 2019
What is a CCJ?
A County Court Judgement (CCJ) is a court order that can be awarded against you if you live in England, Wales or Northern Ireland. The purpose of a CCJ is to get you to repay money that you owe. Will…
Living in Debt
8 Jul 2019
How do I set up online banking?
Online bankingGone are the days where popping into your local bank was the only way to pay your bills, manage debt, or withdraw and deposit money into your account. Online banking has brought convenience to everyday life, and although the…
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?
Money Management
25 Jun 2019
Tax credit overpayments
Receiving a letter from HMRC saying that you’ve received tax credit overpayments can be incredibly frustrating; not only because you won’t have been expecting it, but because you’ve now got to give back a chunk of money that HMRC gave…
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…