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
16 May 2019
Dealing with official receiver after bankruptcy
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…
Debt Facts
13 May 2019
Can you file bankruptcy yourself?
Bankruptcy is a debt solution that should never be taken lightly, and should only be undertaken following professional advice. However, sometimes it can be taken out of your control. We’re here to tell you what it is and how you…
Debt Facts
10 May 2019
Paying Off Credit Card Debt
Living in Debt
10 May 2019
Budgeting with a Debt Management Plan
What is a DMP? A Debt Management Plan, or DMP for short, is an informal arrangement between you and your creditors. Although not a legally binding agreement, firms who set up Debt Management Plans need to be authorised and regulated…
Debt Facts
10 May 2019
How long does it take to improve credit score?
Having a low credit score affects your ability to take out credit. You can always improve your credit score, but you’ll need to take some steps to achieve this. What is a credit score? A credit score is a numerical…
Industry News
3 May 2019
Couples who make a claim for pension credit NOW could save up to £7,280* per year
Pension credit is changing as of May 15th 2019 Are you living with a partner? Is one of you aged over 65 and the other under 65? If so, then there could be some big changes happening with any new…
Debt Facts
1 May 2019
Can Debt Collection Agencies Take You to Court?
Debt collection agencies work on behalf of creditors to collect a debt you’ve been unable to pay. As part of their attempts to make you pay, they may threaten court action. They have the power to do this, although only…
Debt Facts
30 Apr 2019
How long does bankruptcy last?
If you have been forced into bankruptcy or have decided/been advised it is the best course of action for you, it’s important to know the ins and outs of what to expect. What is bankruptcy? Bankruptcy is a debt solution…
Debt Facts
30 Apr 2019
Can you find out if someone has filed bankruptcy?
Bankruptcy can have a huge impact on an individual and it’s understandable that someone may not wish to advertise their financial situation to the world. However, once somebody is declared bankrupt, their details are legally required to be available for…
Debt Facts
30 Apr 2019
Can I cancel my IVA at any time?
Debt Facts
5 Apr 2019
An Expert Opinion… Debt Relief Order with Diane Watson
Hi Diane, can you briefly explain what it is you and the Debt Relief Order team do here at PayPlan?My role is the Competent Authority Liaison, which means I’m the link between PayPlan and the Insolvency Service. I’m also an…
Living in Debt
3 Apr 2019
The Financial Struggles of Being a Single Parent
There are many reasons single parents struggle financially, and it’s nothing to be embarrassed about. Being a single parent is hard, especially when there’s only one monthly paycheck instead of two and you have to put more money into childcare…
Living in Debt
25 Mar 2019
How to Get Out of Debt and Spring Clean Your Finances
The January blues have subsided and the sun is coming out. The temptation to loosen the belt and relax your spending habits is undeniable. Here at PayPlan we’ve put together a list of financial top tips for creating and staying…
Client Stories
19 Feb 2019
Has Universal Credit been a failure? – We asked our clients
With food bank use still rife across the UK and a considerable amount of in-work families still needing to use food banks, the controversy over Universal Credit rages on. In order to make sense of how well Universal Credit is…
Money Management
18 Jan 2019
Consolidating credit card debt – our top 5 tips
Feeling blue after getting into the red over the festive period? Fear not, there are lots of things you can do about problem credit card debt to get you back on the path to financial freedom in 2019.Assess your situationThe…
In other news
11 Jan 2019
Big Energy Saving Week – how could you save money on bills?
What is Big Energy Saving Week?Big Energy Saving Week (BESW) is a national partnership campaign aimed at helping people to understand their energy use and get cheaper energy bills. BESW offers helpful links to compare energy bills, as well as…