Include all of your debts in your TPP
Your TPP is designed to support you in dealing with all of your debts. If you’re paying any cards, loans or overdrafts which you’ve not told us about, it’s likely you’ll struggle to afford your payments.
If you’ve missed any debts from your TPP, contact your TPP provider so they can update your plan.
Check for ways you can save money and boost your income
Take a regular look at your outgoings, and how you can save money. This includes:
Focus on the progress you're making
Your TPP helps you manage your debts until your situation improves, or you’re able to take steps to deal with them permanently. Improvements in your situation include a new job, an increase in income or a reduction in living costs.
Sometimes when you’re expecting a positive change in your situation, it may not come to pass or takes longer than expected. If this is the case, please let your TPP provider know so they can assist you and help keep your plan running smoothly. It’s important to remember that you’re being proactive about your debts and that is something to be proud of.
Don't take out extra credit during your TPP
Taking out extra credit such as loans, credit cards, overdrafts and other products is against the terms of your TPP. It may also be a sign that your TPP isn’t working alongside your other expenses.
Emergencies can sometimes arise, and when they do, your TPP provider should do all they can to support you. If you feel like you have to take out credit during your TPP, please get in touch with them as soon as possible.
Is a TPP right for you?
Use our online debt advice tool to find out if a TPP is right for you.
You can also call us to speak to an advisor.