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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 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?

You will probably have heard of debt collection agencies, but who are they and what can they do? What is a debt collection agency? A debt collection agency, also known as a debt collector, works on behalf of your creditors…

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

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…

Debt Facts 13 May 2019

Can you file bankruptcy yourself?

Bankruptcy is a debt solution that should never be taken lightly, and should only be undertaken following professional advice. However, sometimes it can be taken out of your control. We’re here to tell you what it is and how you…

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…

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…

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…

Debt Facts 30 Apr 2019

Can you find out if someone has filed bankruptcy?

Bankruptcy can have a huge impact on an individual and it’s understandable that someone may not wish to advertise their financial situation to the world. However, once somebody is declared bankrupt, their details are legally required to be available for…

Debt Facts 30 Apr 2019

Can I cancel my IVA at any time?

If you are currently in an IVA, you will have been (and possibly still are) in financial difficulty and have sought a debt solution to help relieve your worries. Therefore, you should think carefully before seeking to cancel your arrangement.…