PayPlan are specialists in assisting people who have a number of loans and debts that they are finding difficult to repay under the existing terms of there loan agreements.

We help over 100,000 people every year.

Our aim is to ensure that our clients have enough money to feed their families and pay there bills while still making payments on their loans for an amount they can afford.

Recently your partner contacted us for some advice on their situation.

The outcome of our conversation is that we have come up with a solution where they will have more money each month to pay the household bills and pay their loans.

The arrangement we have suggested, is one where they make a monthly payment for five years at an amount they can afford, and at the end of that period all there loans will be paid off or written off, and they will have no more debts.

Our next job is to put their offer to the lending companies. If the lending companies agree, then we get them to agree to a simple contract, called an Individual Voluntary Arrangement, (IVA for short), that says that if your partner keeps up there payments for the five year period - then all loans will be written off and they will be debt free.

The arrangement is between your partner and their lenders and will not involve you or effect your credit rating.

If you have a joint bank account it may be necessary for one of you to open a new one.

If that is the case, we will help with all the paperwork and moving standing orders.

If - for some reason your partner can’t keep to the arrangement, they will be no worse off than they are now.

The deal they are doing with there lenders will not affect any mortgage or rental agreements.

If this short video doesn’t answer all your questions we are always available for a telephone or live chat conversation to answer any queries you may have