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.
News and Stories
28 Nov 2019
Is Christmas Unaffordable for the Average Household?
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
25 Nov 2019
How Much Debt do I Need to File Bankruptcy?
What is bankruptcy?Bankruptcy is a debt solution suitable for people who cannot pay outstanding bills to their creditors on time. When an individual’s total debts are bigger than the value of their assets, they will be deemed insolvent and in a…
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
7 Nov 2019
PayPlan study reveals the cost of Christmas for families across the UK
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,…
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?
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…
News and Stories
11 Oct 2019
What impact are Buy Now, Pay Later schemes having on consumers?
What is a buy now, pay later scheme?Buy now, pay later (BNPL) schemes are offered to customers at the point of purchase to allow them to spread the cost of what they are buying. Some retailers offer these services in-house…
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…