• 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.

  • What is a warrant of control?

    What is a warrant of control?

    Written by Sam Critten

    If a creditor successfully has a County Court Judgment (CCJ) awarded against you and you don’t pay it, then a creditor may apply to court for a Warrant of Control. Put simply, this is a legal document that allows bailiffs…

  • How to manage debt stress

    Written by Sam Critten

    Feeling anxious about debt? You’re not alone. One in two adults in debt in the UK has a mental health problem, and one in four people who’ve got mental health problems are also currently in debt.* Whether it’s credit card…

  • Does bankruptcy affect your employment?

    Written by Sam Critten

    Bankruptcy is a debt solution that’s often only considered as a last resort. Once you’ve declared bankruptcy, a trustee will sell your assets in order to repay as much of your debt as possible. After this is over the remainder…

  • What powers do debt collection agencies have?

    Written by Tom James

    You will probably have heard of debt collection agencies, but who are they and what can they do? What is a debt collection agency? A debt collection agency, also known as a debt collector, works on behalf of your creditors…

  • Are debts shared in divorce?

    Written by Will Lyon

    Going through divorce isn’t easy. Along with all the emotional stress, you’ll have to deal with splitting up your assets in a reasonable manner and arranging how your debts are divided up, which is easier said than done. However, if…

  • Dealing with official receiver after bankruptcy

    Written by Tom James

    Being declared bankrupt can be a daunting experience. If you know how to work with the Official Receiver however, you may find the experience a lot easier. Find out more about what the Official Receiver does and how you should…

  • Can creditors refuse a Debt Management Plan?

    Written by Tom James

    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…

  • Debt management plan moving abroad

    Written by Tom James

    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…

  • How do I complain about a debt collection agency?

    Written by Tom James

    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…

  • Can you file bankruptcy yourself?

    Written by Tom James

    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…

  • What is debt management?

    Written by Will Lyon

    Debt management is any plan put in place to help somebody in debt repay the money they owe to their creditors. Consequences of missing certain payments can be more severe than others. In some cases, you could be made bankrupt…

  • Paying off credit card debt

    Written by Will Lyon

    The number of people stuck with credit card debt is rising. A recent study found that each UK household has around £2,688 in unpaid credit card debt. There may be a number of causes behind the UK’s credit card crisis.…

  • Budgeting with a Debt Management Plan

    Written by Will Lyon

    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…

  • How long does it take to improve credit score?

    Written by Tom James

    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…

  • How to deal with Moorcroft Debt Recovery

    Written by Will Lyon

    Who are Moorcroft Debt Recovery and why have they contacted me? Moorcroft Debt Recovery Limited are a debt collection agency that buys debt, in bulk, from finance companies. They then try to collect these debts from businesses or individuals, and…

  • Can debt collection agencies take you to court?

    Written by Will Lyon

    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…

  • How long does bankruptcy last?

    Written by Tom James

    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…

  • Can you find out if someone has filed bankruptcy?

    Written by Tom James

    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…