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.
Living in Debt
7 Nov 2018
What does safe gambling look like for you?
In other news
5 Nov 2018
Spotting the signs of problem gambling
Every year we speak to hundreds of clients who are facing financial problems due to gambling. This isn’t a fiver here and there on an accumulator at weekends, or the occasional flutter on the roulette, though. Problem gambling, which is…
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
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
Want some motivation this fine Monday morning? Nothing inspires us more than the story of a PayPlan client who successfully became debt free. Alongside our many success stories, these helpful tips and tricks from our previous client, Andy, could help you…
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
Is It Better To Have Good Debt or No Debt At All?
As well as having a negative impact on your finances, bad debt can leave you stressed and unhappy – that’s why most of us want to avoid at all costs. You may think it’s best to be completely debt-free, but…
Money Saving Ideas
2 Aug 2018
Money Saving Tips for Pet Owners
Competitions
30 Jul 2018
Home Repossessions And Possessions
As a homeowner or tenant, it’s natural to be worried about what would happen if you fall behind on your mortgage or rent. Unemployment, illness or a sudden drop in income can soon make monthly payments unmanageable, especially if you…
Debt Facts
26 Jul 2018
Am I Still Liable For My Debts?
The world of personal finance can be tricky to navigate, and one of the most common questions asked on our forum is whether you’re still responsible for old debts, or ones your ex-partner has racked up. Below, we’ve provided answers…
Debt Facts
24 Jul 2018
Will Debt Collectors Come To My House?
We’ve probably all seen TV shows where bailiffs turn up at someone’s house, either to evict them or seize their possessions to repay their debts. Programmes like these often make for difficult viewing, but they are particularly distressing if you…
Debt Facts
7 Jul 2018
Gambling Addiction & Debt
I recently read about a man who has gambled since he was 12 years old. He believed he needed to gamble in order to survive. He is now older and married with 2 children, yet he still gambles. His wife…
Money Saving Ideas
6 Jul 2018
Ways to save the environment and save money!
There is a lot in the news at the moment about how we are all using too much plastic and the need to cut down in order to save our oceans and the planet. You may think that cutting down…
Debt Facts
21 Jun 2018
Will debt collectors sue?
Living with money worries is often the cause of sleepless nights, especially if you’re concerned about debt collectors taking you to court. When you fall into arrears on a credit card or loan, the creditor can launch legal proceedings against…