I Am In a Token Payment Plan And Getting Nowhere. What Can I Do?

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Question Jon your advice to people is greatly appreciated, and I need some of it. I was made redundant a few years back, and entered into a debt management plan at that time. I have only found part-time work here and there over the past few years. When the pandemic hit I went to a […]

How Can I Reduce My Debt to Pay it Back?

stressed woman

Question I’ve got around £2000 debt, not much but it heavy on me. I’m single mum and struggling to pay back and I don’t want to to grow etc. How can I affordably pay it back or can I reduce my debt so it is easier to pay back? Answer Kinga, Is the debt you have […]

What Can I Do To Get out of Debt?

stressed person

Question Hi Jon, I need some advice on how to get out of the debt I am in. I owe £35,000 due to my business failing, and another £10,000 in personal debts. I am the Director of the company and guaranteed all the business loans. I am back trading, but not at the level I […]

What Is a Token Payment Arrangement?

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A token payment arrangement, or token payment plan, is a way to help someone who may be experiencing a major financial change, be in debt, and needs a space or time to sort the matter out. It is similar to the “breathing space” scheme many creditors are offering. How Does a Token Payment Plan Work? […]