Payplan Experience Needed

partysis81

hi, i given a few bits of advice on here about the early stages of payplan, but now im in need of some advice from people who have been with them for a year or more.

I have received the annual review letter, and it asks for the last three months worth of wageslips for me and my hubbie.

My husband had been doing alot of overtime, which on average means an extra £100 per week. dont get me wrong, the extra money hasnt been spent on socialising etc, it has been used for bills and food etc.

I am worried that payplan will see this as a regular thing, and want us to pay more to them.

Also, my rent has gone up in the last year by £40 a month and im gonna send the details of this with my review form.

I have four weeks to get the info together and send it back to them?
Any advice would be appreciated!!

Emmzi

Just be honest - if you can pay more, then do - if o/t is just for a little while, tell them that - maybe a letter from th boss, if s/he is sympathetic.

If paymenst go up and o/t drops back, you can always contact them again with new circumstances.

But your budget should be enough to pay for bills ands food - maybe that needs looking at too, if you are relying on o/t for these. You might need more of a food allowance if you are struggling on the basic?

partysis81

thanks for that, my friend who has been with payplan for three years, said that she increases other things, but they only have her details as she was single at the time she joined.
I put my OH on my agreement, so theyre insisting on his wageslips too.
On the review form, it does have a box for your salary, then a separate box for any overtime, so maybe they dont look too closely at it then
Ill just be honest, and see what happens!!

Donedoingdebt

I've never been with Payplan, but aren't they meant to be on your side? Surely if you explain the O/T was temporary then they won't take it into account.

System

I have declared my income as almost £500 less that what I get because, although that element is more or less guranteed it is not considered as regular pay. I dare say I will have a similar quandry come my annual review. DOnt get me wrong I'm not wasting that money, in fact I've managed to save over £600. Once I get my employer thing sorted and 'mi health probs (hopefully in the next month or so) I will up my offers once I am sure I wont lose that money.

moxie_2

I've been with Payplan for just less than ayear, but I got in touch with them a couple of weeks ago to explain that my income had gone down (due to no further child benefit, tax credits or maintainence as my daughter reached 19) and redid my budget accordingly. They were perfectly pleasant and understanding.

partysis81

moxie wrote:

I've been with Payplan for just less than ayear, but I got in touch with them a couple of weeks ago to explain that my income had gone down (due to no further child benefit, tax credits or maintainence as my daughter reached 19) and redid my budget accordingly. They were perfectly pleasant and understanding.

hi, when you said your income had gone down, did they reduce your payment with them?

save-alot

Surely complete honesty with Payplan (or any other similar agency) is of paramount importance as they have to agree the payments with your creditors based on what you can afford to pay, if this is not a true amount and the creditors lose confidence with Payplan then they will be less willing to freeze interest and take reduced payments. They would also be less willing to help fund Payplan.

partysis81

save-alot wrote:

Surely complete honesty with Payplan (or any other similar agency) is of paramount importance as they have to agree the payments with your creditors based on what you can afford to pay, if this is not a true amount and the creditors lose confidence with Payplan then they will be less willing to freeze interest and take reduced payments. They would also be less willing to help fund Payplan.

im not saying im going to be dishonest with them, as the payslips show the overtime anyway!

What i was concerned about it that this overtime has only been a temporary thing and im worried they wont take this into account.

I have decided to put a covering letter with the payslips explaining this.

save-alot

Sorry - I was not implying that you were going to be dishonest, it was a general statement and I should have made that clear.

partysis81

hi save-alot, i know you wasnt implying that.
just stating that im gonna be completely honest with them, coz at the end of the day, theyve helped me out a great deal!
Im sure there are people who "fix" their figures, but i personally am just hoping that telling the truth wont cause problems for me.