• Welcome to PayPlan’s debt advice blog!

    The Living Room is a vibrant social space to chat, share tips and pick up new ideas to live well on a budget. From free things to do with your kids this weekend to a big meal on a small budget, we’ll be sharing all of our ideas with you. And most importantly – we want you to share your top tips with us!

    So, what are you waiting for? Come in, make yourself comfortable, grab yourself a cuppa and get involved in the Living Room.

  • FCA warns of interest-only mortgages

    FCA warns of interest-only mortgages

    Written by PayPlan

    Around 1 in 5 of all mortgages are interest-only and the industry’s regulator is worried that consumers are at risk of losing their homes. The Financial Conduct Authority (FCA) is urging people to speak to their mortgage providers if they…

  • New credit card rules estimated to save consumers millions

    Written by PayPlan

    The Financial Conduct Authority (FCA) has published new rules for the credit card market and is estimating consumers will save between £310 million and £1.3 billion a year in lower interest charges. The changes announced today will offer more protection…

  • The importance of goal setting

    Written by PayPlan

    Hi, I’m Nicola and I blog over at thefrugalcottage.com about budgeting, money saving and early retirement. I set myself goals every month so that I have something specific to aim for. It can be so easy to drift along in…

  • Case Study – Richard

    Written by PayPlan

    Richard (38) reached out to PayPlan in 2008 with £15,000 of debt. The company that Richard was working for at the time were unreliable at paying wages. They would sometimes pay employees less one month and more the month after…

  • Avoid the ‘invisible money’ trap

    Written by PayPlan

    Most of us are so used to flashing the plastic at the till and online that we rarely give it a second thought. Of course, credit cards are useful for household budgeting, helping you to spread the cost of big-ticket…

  • Case Study – Scott

    Written by PayPlan

    Scott (32) came to PayPlan 5 years ago with £6,000 worth of debt. The majority of his debts were with credit cards, payday loans and catalogues. At the time, he was also in a relationship with someone who was constantly…

  • Six Tips for Saving Money During Half Term

    Written by PayPlan

    Today our guest blog is from Charli, who writes over at One Wage Family, here she gives us her top tips for saving money with the kids over half term! Another half term is nearly upon us and that means…

  • The Facts: DMPs

    Written by PayPlan

    What is a DMP? A DMP, Debt Management Plan, is an informal arrangement between you and your creditors, managed free by PayPlan. To pay your debts back, you pay one single monthly payment, as part of your plan, which goes…

  • A guide to paying off your overdraft debt

    Written by PayPlan

    Many of us dip into our overdraft before payday and sometimes – if the month has been a particularly busy one or if any unexpected payments have surfaced – this means what we do receive from our wages could quickly…

  • Case Study – Luke

    Written by PayPlan

    Luke (44) had around £14,500 worth of debt when he first came to PayPlan in 2010. Luke was in full-time employment, but his partner had a long term illness, which required both financial and emotional support. Although after some time…

  • Five easy ways to keep your money in check

    Written by PayPlan

    It’s a few weeks into 2018, and we all know how hard it can be to keep motivated to meet your New Year goals. Despite the days getting longer, the evenings are still dark, the weather is still damp and…

  • Case Study – Chris

    Written by PayPlan

    Chris (36) had over £80,000 worth of debt when he reached out to PayPlan for help over 6 years ago. His debt problems started when his commission based job changed. Chris was a wealthy man with a large income of…

  • Kids Have to Deal with Debt too

    Written by Skint Dad

    Loss of a job? Change in circumstances? Or just the sheer volume of debt that becomes unmanageable? Whatever the reason you got into debt, it’s not just you it has an impact on. While, as a grown up, you’re the…

  • How to know when your debt is too much

    Written by PayPlan

    For many of us, our list of outgoings usually feature some sort of debt repayment. It could be the mortgage on our home, a credit card bill or a personal loan. But while we understand debt is an everyday part…

  • What is a third party debt order?

    Written by PayPlan

    As soon as you hear the word court, alarm bells may start to ring. But if the court system is involved in your debt struggles, it’s important to understand the facts and keep a level head.If you are late on…

  • Getting Savvy About Priority Debts

    Written by PayPlan

    No one plans to get into debt. But sometimes the unexpected happens and managing personal and household finances become more of a challenge. When money is tight we might find ourselves having to make a decision about which bills we…

  • Looking After The Pennies in 2018

    Written by PayPlan

    This time of year is for reflecting on the previous 12 months, and also looking ahead to the next 12 months and what we can do to improve ourselves through little changes in our everyday life.