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.
Money Saving Ideas
20 May 2019
Top 5 Tips to Save Energy at Home
Debt Facts
20 May 2019
Can I change from a DMP to an IVA?
A Debt Management Plan (DMP for short) is an agreement between you and your creditors to repay your unsecured debt in manageable monthly instalments. Because a DMP is an informal arrangement, you are not lawfully obliged to remain within it…
Living in Debt
20 May 2019
How to Respond to a Debt Collection Letter?
Debt collection letters are the most common form of contact used by creditors to remind you of unpaid debts. You may find that if you’ve missed multiple payments, these letters start to pile up. These should not be taken lightly,…
Debt Facts
17 May 2019
What is a warrant of control?
If a creditor successfully has a County Court Judgment (CCJ) awarded against you and you don’t pay it, then a creditor may apply to court for a Warrant of Control. Put simply, this is a legal document that allows bailiffs…
Living in Debt
17 May 2019
How to manage debt stress
Feeling anxious about debt? You’re not alone. One in two adults in debt in the UK has a mental health problem, and one in four people who’ve got mental health problems are also currently in debt.* Whether it’s credit card…
Living in Debt
17 May 2019
Does bankruptcy affect your employment?
Bankruptcy is a debt solution that’s often only considered as a last resort. Once you’ve declared bankruptcy, a trustee will sell your assets in order to repay as much of your debt as possible. After this is over the remainder…
Living in Debt
17 May 2019
What powers do debt collection agencies have?
Living in Debt
17 May 2019
Are debts shared in divorce?
Going through divorce isn’t easy. Along with all the emotional stress, you’ll have to deal with splitting up your assets in a reasonable manner and arranging how your debts are divided up, which is easier said than done. However, if…
Debt Facts
16 May 2019
Dealing with official receiver after bankruptcy
Being declared bankrupt can be a daunting experience. If you know how to work with the Official Receiver however, you may find the experience a lot easier. Find out more about what the Official Receiver does and how you should…
Debt Facts
16 May 2019
Can creditors refuse a Debt Management Plan?
You may be in debt and have found that a Debt Management Plan (DMP) is a suitable way of repaying the money you owe to creditors in smaller installments. However, can creditors turn you away if you’re looking to apply…
Living in Debt
14 May 2019
Debt management plan moving abroad
If you have recently moved abroad but still have outstanding debts held in the UK, you’ll need to know what this means for you. Moving overseas doesn’t mean the debt will go away but you may be able to deal…
Living in Debt
14 May 2019
How do I complain about a debt collection agency?
If you have found yourself in debt and are struggling to pay back the money you owe to your creditors, you may be approached by a debt collection agency. The agency will work on behalf of your creditor to try…
Client Stories
14 May 2019
Client Story: “My life is very different now that I’m debt-free”
As part of 2019 Mental Health Awareness Week, we want to share a story about one of our clients who found themselves in financial difficulty and the effect it has had on their life. Christina Burns is a mother of…
Debt Facts
13 May 2019
Can you file bankruptcy yourself?
Debt Facts
10 May 2019
Paying Off Credit Card Debt
The number of people stuck with paying off credit card debt is rising. A recent study found that each UK household has around £2,688 in unpaid credit card debt. There may be a number of causes behind the UK’s credit…
Living in Debt
10 May 2019
Budgeting with a Debt Management Plan
What is a DMP? A Debt Management Plan, or DMP for short, is an informal arrangement between you and your creditors. Although not a legally binding agreement, firms who set up Debt Management Plans need to be authorised and regulated…
Debt Facts
10 May 2019
How long does it take to improve credit score?
Having a low credit score affects your ability to take out credit. You can always improve your credit score, but you’ll need to take some steps to achieve this. What is a credit score? A credit score is a numerical…
Industry News
3 May 2019
Couples who make a claim for pension credit NOW could save up to £7,280* per year
Pension credit is changing as of May 15th 2019 Are you living with a partner? Is one of you aged over 65 and the other under 65? If so, then there could be some big changes happening with any new…
Debt Facts
1 May 2019
Can Debt Collection Agencies Take You to Court?
Debt collection agencies work on behalf of creditors to collect a debt you’ve been unable to pay. As part of their attempts to make you pay, they may threaten court action. They have the power to do this, although only…
Debt Facts
30 Apr 2019
How long does bankruptcy last?
If you have been forced into bankruptcy or have decided/been advised it is the best course of action for you, it’s important to know the ins and outs of what to expect. What is bankruptcy? Bankruptcy is a debt solution…