Blog | Free Debt Advice

Money Management 18 Jan 2019

Consolidating credit card debt – our top 5 tips

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.…

Client Stories 3 Sep 2018

Become debt free – 5 tips from a PayPlan client

Debt Facts 21 Aug 2018

Which Debt Should I Pay Off First?

When your lenders are constantly phoning you, and you have received several ‘final reminder’ letters, you might be losing sleep about which debt you should pay off first. All debts need to be paid eventually, unless you have an agreement…

Debt Facts 15 Aug 2018

Can Debts Be Written Off?

This is one of the most common questions that people ask us, and the short answer is ‘when you’ve paid back what you owe’. But if there is no communication between you and your creditors, and six years elapse, the…

Debt Facts 13 Aug 2018

‘Joint and Several’ Liability: Who’s Responsible For Debt?

A joint and several liability agreement can apply to mortgages, tenancy agreements, council tax and water bills in jointly-occupied housing, as well as unsecured credit like personal loans. Below, we answer some of the most commonly-asked questions on the subject.…

Debt Facts 2 Aug 2018

Welcome to PayPlan’s debt advice blog!