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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.

Competitions 13 Dec 2019

How to Save Money This Christmas & Avoid the Debt Hangover in 2020

Christmas is a time when spending can easily get out of control. Even if you haven’t been extravagant, it takes a lot of planning and budgeting to avoid the January Christmas debt hangover. In January last year, around 7.9 million people…

Debt Facts 10 Dec 2019

Can You Get a Mortgage With an Outstanding Debt?

In a word, yes. Regardless of the myth that arrears of any kind will ruin your chances, you may still be able to get a mortgage whilst having an outstanding debt. When applying for a mortgage, you’ll need to come…

Competitions 5 Dec 2019

Here’s Why Your Bank Balance May be About to Shrink

New rules from the Financial Conduct Authority (FCA) are shaking up the way bank balances are presented to account holders. Here’s why your bank balance is going to look a little bit different… What’s going on?The FCA – a financial regulatory…

Living in Debt 4 Dec 2019

Will Your Partner’s Debts Affect You?

One of the most common concerns our customers express is whether their debts will affect their partner. This detailed blog post discusses marriage and debt and looks at how you and your partner can be financially linked. A useful read…

Living in Debt 4 Dec 2019

How do I write a letter to freeze credit card interest?

How do I write a letter to a credit card company to freeze interest? Having interest and charges frozen on your credit cards can make a huge difference to the length of your repayment period. For many people a solution…

Living in Debt 3 Dec 2019

5 Ways to Make Christmas More Affordable

Christmas might still be six weeks away but it is an expensive time of year - a time when a lot of people start to feel overwhelmed by the costs and turn to credit for help. This week's blog post…

Debt Facts 2 Dec 2019

Can you Get Legal Aid for a Divorce?

What is legal aid?Legal aid is money used to help support the costs required for legal advice and representation in court. This includes tribunals and family mediation. Whether you are eligible for legal aid is dependent on your individual case…

Debt Facts 2 Dec 2019

Do you Pay Tax on Redundancy Pay?

Redundancy can be a difficult time, especially if you loved your job and it was bringing in a suitable income for your lifestyle. Find out how redundancy can affect you when it comes to tax and other factors. What is redundancy…

News and Stories 28 Nov 2019

Is Christmas Unaffordable for the Average Household?

Recent research from PayPlan has found that over half of parents will rely on their credit cards to cover their essential living costs this Christmas.Christmas is a time for spending with loved ones, but this usually results in overspending and…

Money Saving Ideas 26 Nov 2019

Cheap holiday ideas for 2020

Going back to work and facing reality again after some time off at Christmas can give even the most positive person cause to feel a bit down. It’s understandable, then, that the months after Christmas are some of the most…

Money Saving Ideas 26 Nov 2019

How to budget in 2020

The new year symbolizes a fresh start and a chance to make changes in your life. You may feel the pinch after a period of heavy Christmas spending, and, given the current financial and political climate, it’s easy to be…

Debt Facts 14 Nov 2019

How to Save Money This Christmas & Avoid the Debt Hangover in 2020

Christmas is a time when spending can easily get out of control. Even if you haven’t been extravagant, it takes a lot of planning and budgeting to avoid the January Christmas debt hangover. In January last year, around 7.9 million people…

Competitions 8 Nov 2019

PayPlan Joins Collaboration to Tackle Financial Harms

GamCare, the leading national provider of gambling support, has launched a new collaborative initiative to tackle financial harms caused by problem gambling. PayPlan will be working hard to play a key part in this initiative and help those struggling financially.This…

News and Stories 28 Oct 2019

Let’s talk debt and pensions during Talk Money Week 2019

What is Talk Money Week?Personal finance is often seen as a taboo subject but Talk Money Week is here to help break the stigma. Running from 18-22 November 2019, this year the campaign will be focused on pensions.Organised as part…

Debt Facts 25 Oct 2019

How often does your credit score change?

Your credit score is very important; it’s essentially the first thing that any potential lenders are going to look at when deciding whether or not you’re a reliable person to lend money to. If you’ve got a good score, you’ll…

In other news 21 Oct 2019

Filing For Divorce: What Costs are Involved?

Filing for divorce: What costs are involved? Separation is a stressful time for everyone involved, not least because of the financial pressure it brings. If divorce is the only way to go, you’ll need to account for any associated costs,…