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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.

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…

Industry News 18 Oct 2019

PayPlan named Debt Advice Provider of the Year

The PayPlan team recently celebrated after being named the 2019 Debt Advice Provider of the Year at Credit Strategy’s industry leading Collections & Customer Service (CCS) Awards.Now in its thirteenth year, the CCS Awards champions outstanding achievements of organisations, teams…

In other news 17 Oct 2019

Can you be made redundant while your job still exists?

Being made redundant can be a stressful experience, and if you’ve got bills to pay and a family to look after it can be particularly distressing. Whilst there are many reasons for being made redundant, unfortunately it might be the…

Debt Facts 16 Oct 2019

What’s the Difference Between APR and AER?

It’s easy to feel overwhelmed by the amount of technical terms in the money world, ‘APR’ and ‘AER’ for example. The two get tossed around a lot together, so it’s important to know which is which. What is APR? APR…

Money Management 15 Oct 2019

How Do You Get a Car on Finance?

If you’re unable to fund buying a car outright, you may instead look to financing one instead. There are many different types of car finance, so it’s important to consider all your options before getting into an agreement you may…

Money Management 15 Oct 2019

How to protect yourself financially in a separation

It’s likely not going to be the first thing on your mind post-separation, but sorting out your financial situation quickly is essential after a breakup. If your separation didn’t happen under the best terms, acting quickly will give you the…

Debt Facts 14 Oct 2019

What is representative APR?

Whenever you apply for a loan or finance, you’ll come across the term APR, which stands for Annual Percentage Rate. If you borrow any money, the APR is simply the amount of interest that’ll be added to the total amount…

Money Management 9 Oct 2019

Redundancy Pay: What Are You Entitled To?

What is redundancy? Redundancy is defined as an employer terminating a job role. This is usually done either because the job is no longer needed, or the employer needs to trim down the workforce. Being made redundant is often overwhelming.…

Competitions 9 Oct 2019

Talking Money Matters on World Mental Health Day

World Mental Health Day takes place on 10th October 2019. Results from a recent PayPlan survey, along with advice from the Samaritans, highlight the importance of seeking money advice sooner to try and support mental health problems. What is World Mental…

Industry News 9 Oct 2019

What is a Challenger Bank?

Challenger banks are typically small banks aiming to challenge the longer-established bigger banks, such as the ‘big four’ (Barclays, HSBC, Lloyds Banking Group, and The Royal Bank of Scotland Group). Examples of challenger banks include Monzo, Starling and Tandem, but…

Money Management 8 Oct 2019

Stag do’s don’t have to be dear

Waving goodbye to one of your comrades as they take the well-trodden walk into matrimony can be a difficult experience, with the prospect of frequent 4am finishes and afternoons organised around Soccer Saturday firmly becoming a thing of the past.…

Money Management 12 Sep 2019

Be Mindful of your Money this Pension Awareness Day

What is Pension Awareness Day? Pension Awareness Day is an event that aims to promote the importance of saving for the future. Launched in 2014 by Pension Geeks, the initiative offers online and face-to-face advice for people to find out…

News and Stories 10 Sep 2019

Shout: Supporting People in Crisis

In recognition of World Suicide Prevention Day, we’re speaking to PayPlan Team Leader and ‘Shout’ volunteer Laura Evans. We sat down with Laura to find out more about how Shout offers support to people in crisis. Hi Laura, what can…