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.
Money Saving Ideas
16 Dec 2013
Christmas Spending Habits Visualised
News and Stories
4 Sep 2013
What is the difference between an IVA and a DMP?
Important Update (June 2025):This blog was originally published in 2019. Since then, there have been important updates to IVA (Individual Voluntary Arrangement) protocols and guidance. While much of the information below may still be useful, some details may now be…
Archive
1 Jul 2013
More and more buy-to-let landlords are struggling with debt
Nick Payne, Senior Insolvency Practitioner for Payplan, talks about the rise in buy-to-let investment and what to do if you are a landlord struggling with debt. “The number of buy-to-let landlords is significantly increasing. House prices are still relatively low,…
Archive
14 Jun 2013
Charity partnership wins Payplan and Advice UK top award
By Sarah Reeve Payplan has recently won two major awards at the Institute of Money Advisers (IMA) conference for new initiatives aimed at helping people deal with their debt. In the first of two blogs Sarah Reeve, Payplan’s Head of…
Archive
2 May 2013
A day in the life of a Helpline Adviser by Michael Jordan.
Michael tells us about his job as Helpline Adviser and why he is proud to work for Payplan: “Every weekday morning I wake up knowing I will be putting smiles on people’s faces. That’s because I work in Payplan’s Helpline department –…
Debt Facts
29 Apr 2013
Opening a joint bank account: The pros and cons.
f you’re in a serious relationship in which food, bills, utilities and other expenses are paid for together, you may be tempted to open up a joint bank account. However, you may be unsure whether it is the right move.…
Debt Facts
18 Apr 2013
The facts about Universal Credit
Competitions
15 Apr 2013
Some facts about bankruptcy
Bankruptcy is not an easy subject to discuss and that can make it difficult to understand. At Payplan we are often asked about bankruptcy and, although we do not specifically deal with it on behalf of our clients, we want…
Money Saving Ideas
8 Apr 2013
The Payplan guide to getting married on a budget.
While your wedding day can be one of the best days of your life, the cost of getting married can easily spiral out of control, especially if you get caught up in the excitement and keep adding things to your…
Archive
19 Mar 2013
I’m a Company Director – what’s the best solution for me?
If you are a Company Director you may be struggling with debt for a variety of reasons; perhaps a major customer has gone under owing you a lot of money or maybe customers are not buying as much as they…
Competitions
19 Feb 2013
How to avoid the payday loan trap.
At Payplan we are seeing more people who have multiple payday loans calling us as they find themselves in the payday loan trap. People are finding it difficult to manage their finances and find themselves using a short term loans.…
Money Saving Ideas
18 Feb 2013
Things to do this half term for FREE!
It only seems like last week that the kids were packed off back to school, but half term is just around the corner. Trying to think of fun things to do with them is difficult, especially when you are on…
Debt Facts
15 Feb 2013
What are the alternatives to a debt management plan?
A debt management plan, or a DMP, is only one solution available if you are struggling to maintain payments to your creditors. At Payplan we understand that a DMP may not be suitable for everyone and we therefore provide all…
Living in Debt
11 Feb 2013
Change in Circumstances with an IVA or DMP
Debt Facts
6 Feb 2013
Top five questions about bankruptcy.
Bankruptcy is a form of insolvency and it is often referred to as a ‘last resort’ because of the long term affect it can have. Looking for a suitable solution for your debts can be a daunting experience and many…
Living in Debt
29 Jan 2013
Have you been threatened with a County Court Judgment?
There is a big difference between being threatened with a County Court Judgment and actually receiving one. A lot of creditors use the threat of legal proceedings to get you to pay more towards your debt, especially if you are…
Debt Facts
28 Jan 2013
Top five questions about… Debt Management Plans.
A Debt Management Plan, or a DMP, is an informal agreement between you and your creditors. When looking for a suitable solution for your debts it can be a daunting experience and many people contacting us have lots of questions.…
Debt Facts
17 Jan 2013
Is my home at risk if I enter into a Debt Management Plan?
Ask Payplan a question… Is my home at risk if I enter into a Debt Management Plan? If you are a homeowner in debt ensuring your home is secure is one of the biggest priorities; it is because of this…
Living in Debt
14 Jan 2013
How do I deal with HMRC debts?
Every individual in the UK must pay Income Tax if their income exceeds a certain amount, however the way this is paid varies depending on their working status. If you are employed then you will pay yours directly through your…
Competitions
10 Jan 2013
Can I go bankrupt for free?
For those seeking help with their debts bankruptcy is often seen as the quick and easy solution. Some people also believe it is free. However, this is not the case. Let us explain…