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
30 Apr 2019
How long does bankruptcy last?
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?
If you are currently in an IVA, you will have been (and possibly still are) in financial difficulty and have sought a debt solution to help relieve your worries. Therefore, you should think carefully before seeking to cancel your arrangement.…
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
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…
In other news
7 Jan 2019
What is Blue Monday?
Blue Monday is an annually-changing date in January that is widely recognised in the UK as being the most miserable day of the year. The day was devised in 2005 and is based on pseudoscientific factors – beliefs, not accurate…
Money Saving Ideas
3 Jan 2019
Dry January: reduce alcohol & increase your bank balance!
A survey from Experian found that the average Briton spends over 0 on alcohol, food and drink for Christmas. This total includes an average £53 spend on topping up the drinks cabinet at home! Dry January may be just the…
Money Saving Ideas
20 Dec 2018
Your Guide to Boxing Day Leftovers
Christmas is a time for family, friends and food. We Brits love a Christmas dinner, but we’re also keen on Boxing Day leftovers…or are we?It’d be so easy to go out after Christmas, and dine in pubs and restaurants, but…
Living in Debt
7 Nov 2018
What does safe gambling look like for you?
When you consider that people in the UK gambled £13.9bn between October 2016 and September 2017* (the most recent period for which figures are available) then it comes as no surprise that problem gambling is on the rise. These alarming…
In other news
5 Nov 2018
Spotting the signs of problem gambling
Industry News
29 Oct 2018
Why guarantor loans can land you in debt
Due to the recent collapse of Wonga, payday loans have been all over the news lately. With such bad press, people are beginning to search for other means of quick and easy credit, one of which is the guarantor loan.* A…
Industry News
18 Oct 2018
Are Payday Loans Becoming a Thing of the Past?
The recent collapse of Wonga has been ugly and well-publicised. The payday lender had a less than favourable reputation, and was seen by many as a business model that preyed on people who were either desperate or didn’t understand what…
Living in Debt
9 Oct 2018
A Third of People Wait Up To Four Years Before Getting Debt Help
Almost 30% of people in financial difficulty admit they wait three to four years before reaching out for debt advice.
In other news
8 Oct 2018
MAKE SURE YOU GET CREDIT WHERE CREDIT’S DUE
Here, Experian credit expert James Jones tells us about the importance of your credit score..A survey for this year’s Credit Awareness Week revealed that more than a quarter of Brits claim they know their current credit score, showing that a…
Debt Facts
26 Sep 2018
How a Debt Management Plan (DMP) affects your credit
If you’re in a Debt Management Plan (DMP) or thinking about going into a DMP then it is important to understand how this will affect your credit file. A DMP is an arrangement that can be made between you and…
Debt Facts
12 Sep 2018
How an IVA affects your credit
An Individual Voluntary Arrangement (IVA) is a legally binding agreement between an individual and their creditors. It allows you to pay back one monthly affordable repayment and the creditors often agree to write off a certain percentage of your debts.…