Payplan Debt Schemes in the UK
No matter which part of the world you live in, if you get into debt through borrowing or racking up a credit card bill, you have to pay it back at some point. While it might seem difficult to do on your own, there is help out there. However, in the US, it can be difficult to know where to turn, while in other countries such as the UK, people who need help clearing debt can join a government debt scheme from payplan.com.
With the help of organisations such as Payplan, indebted UK citizens can declare bankruptcy, set up an IVA (Individual Voluntary Arrangement), settle any debts at a municipal court or even arrange their own repayment scheme with people or companies they owe money to. Although there are some services in the US available to help people cope with and eventually repay any debts they may have, they’re not as comprehensive as those in the UK.
Payplan is one of many schemes set up with the assistance of the British Government. What they do is help anyone who approaches them with monthly repayments, IVAs and Debt Management Plans (DMPs), not to mention other services including charging orders, debt advice, redundancy, clearing debts and even insolvency when someone’s company is forced to close.
The fact that the government in the UK has helped to create something like Payplan shows that, with an increasing number of US citizens having to pay off massive debts, the US government should offer a similar service. If they did, there’s a good chance that the number of people with mountains of personal debt will shrink almost overnight.