Preparing for your credit card statement.

A recent study by Visa found that one in five of us plan to fund this Christmas on credit cards, meaning many will be expecting the bill to drop of their door step any day now.

If you are one of those people, then we are urging you not to panic and follow these simples steps to make sure it doesn?t get the better of you.

If you have kept track of your spending you should already have a rough idea of how much you will owe, if not try to gather all of your receipts together so that you can eliminate the element of shock.Work out your income and expenditure to calculate how much surplus you have left once everything has been paid out.If you have a 0% interest on purchases credit card then you can calculate your surplus to pay this back in instalments until the offer expires.If you are being charged interest, try to work out your payments in order to repay it as quick as possible, but still affordable to you. Or you could look for a new card that offers you a deal on balance transfers.If you are struggling with other debts you can contact Payplan for free and impartial advice on how to deal with your debts and finances.

Written by Gemma on January 9th, 2012

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Preparing for the New Year

With the New Year fast approaching many of us are reflecting on the last year?s events and preparing for the new year ahead of us. For many of the people who contact Payplan, they may be looking for free debt advice or some assistance with their financial issues.

At this time of year we see many new clients contacting us as they resolve to start a fresh.

By contacting Payplan early on with your debt problems you can get everything in order before things spiral out of control. Many who come to us say ?I wish I?d called you sooner? in doing this they would have avoided further hassle from creditors, legal action or unnecessary distress.

This New Year, what are your resolutions?

Written by Gemma on December 27th, 2011

Filed Under  Budgeting, Payplan   |  Trackback  |   2 Comments

Tom Preston

I run a small pub which is trading at a loss. I wantt to consider my options. I have a ?50,000 loan secured on my house which I want to avoid having to sell.

December 31, 2011 at 11:45 am     Gemma

Hi Tom, call one of our advisors on 0800 716239 and they will be able to give you some advice on what your options are.

January 3, 2012 at 9:21 am    

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Posted in: Preparing