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…

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…

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.…

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…

What to do if you are self-employed and struggling to make ends meet

If you're self-employed and struggling to pay all your bills, you're not alone. There are a record 4.2 million workers who are self-employed and many are finding it difficult to make ends meet.

How do I… apply for a Trust Deed?

For people living in Scotland they have other debt solutions available to them to help when they are in financial difficulty. A Trust Deed is one of these solutions and allows you to pay your creditors back at an affordable…

Understanding credit reports and how they are affected by DMPs

By James Jones from Experian Credit checking is a mystery to some, so how does it work? Basically, lenders obtain your consent to share and access information about your credit agreements through credit reference agencies like Experian. We combine these…

Right to Offset

One of the most important things to do when you are in debt is to change your bank account. If you owe money to the same bank that your wages or other income is paid into then they are entitled…

Repossession

If you have a mortgage and you fall into arrears with your payments you risk losing your home and having it repossessed.