When it comes to finding a solution to debt, Payplan Co Uk is the UK’s largest provider and one of the longest running. Unlike some other debt management companies, Payplan’s services are absolutely free and requires but a few simple steps for those in dire need of debt assistance.
How to Get Free Debt Management Help from Payplan
The following services are offered by Payplan:
- The arrangement of free Debt Management Plans (DMPs)
- Free Individual Voluntary arrangements (IVAs)
- The allocation of an individual case officer and case reference
- Although this is not guaranteed, the debtor is offered the best chance that interest rates and bank charges will be frozen on the debt due to the good relationship Payplan has with creditors
- The debt management plan can be easily managed and monitored via a new Justabank Account, unique to Payplan which makes it possible for the debtor to manage and track the debt online
- A Justabank Account and card where salaries may be paid into and is safe from creditors
- Simple guidance forms
- Guidance on fair treatment of debtors by credit agents
- Free debt helpline
The First Steps to Finding a Debt Solution
The following paperwork will be required before filling in a debt help form that can be filled in online. This is a simple questionnaire to help Payplan determine the best action to advise for each individual case.
- Contact details
- Any paperwork pertaining to court summons or visits from bailiffs
- Information on the loan(s) themselves, including the amount(s) owed and details of the credit card companies
- Details on the household income, including the wages after tax and national insurance, board, pension, child maintenance, benefits, disability living allowance, income support, child tax credits and working tax credits
- Details of the household outgoings, (not including the debt itself). This must include mortgage(s), secured loans, utility bills, living costs and childcare
- Details of charging orders or fines from the magistrates court
Debt Advice Centre to Eliminate Debt
With the information gathered, an individual case officer will be allocated to each person, (or failing this, someone from the Special Advice Team) where the debtor may contact regarding any concerns or queries. An affordable payment plan, or informal arrangement can be worked out and negotiated with the creditor(s). Clear and simple guidance forms entitled Your Debt Needs Payplan (Payplan Limited, 2009) enclosing sample letters to creditors, how to calculate offers of payment and writing off debts are designed to simplify and take the pain out of taking action.
Finding Credit Card Debt Relief
Finding free debt management help is easier than one might imagine. Payplan's debt management offers free counselling and services for those who are desperate to gain control of and eventually eliminate debt. Unlike other debt agencies, their services are absolutely free and are backed by the Citizen’s Advice Bureau. They offer essential debt management services, such as the arrangement of affordable and individually tailored DMPs, IVAs, a free debtline, guidance forms and much more.
Reference Taken from Payplan Financial Service Ltd viewed 2009
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