How are we funded?

There are now numerous debt management companies who are making huge profits from charging their customers monthly fees and set-up costs for exactly the same service that Payplan offer for free.

John Fairhurst MD, Payplan Ltd

How our Debt Management Plans are funded

Payplan is funded in a unique and innovative way. Rather than charging our clients, we receive donations from the credit industry.

Please note: While Payplan receives donations from the credit industry, we remain completely impartial and deal with all creditors - not just the ones that donate!

Our reputation has grown over the years, winning huge support from other creditors and organisations that are keen to provide all members of the public with a totally free debt management service. However, we always work to get the best solution for you. Our aim is to find you a solution that is sustainable and realistic so you can repay your debts at a rate you can afford.

Read more about our free Debt Management Plans

How our IVAs are funded

Unlike most Insolvency Practitioners our sister company, The Payplan Partnership, do not charge any upfront fees.

The monthly payments that you make into your arrangement will cover the payments to your creditors as well as our fees for putting together and supervising the arrangement.
In short, the creditors agree that they will accept a lower return from the arrangement. In addition you only start paying once your arrangement is agreed so if we are unsuccessful, you will not have to pay for the work that we have done for you up to this point.

Read more about our IVAs

So which creditors support Payplan in providing free debt advice?

For immediate and free debt advice please call Payplan free on 0800 716 239 or use our Debt Help Form to submit your debt problem online.

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