New Financial Wellbeing Hub to support consumers with debt

• New Financial Wellbeing hub launched by debt advice experts, PayPlan
• Free tools and advice available to improve financial education and personal wellbeing
• Creditors can refer clients to learn how to manage money, set financial goals and look after their wellbeing
• Employers can support staff with their emotional and financial wellness
• Visit the hub at https://www.payplan.com/financial-wellbeing/

Following the economic and emotional damage caused by Coronavirus in 2020, more and more people are falling behind on repayments and need support with managing their money and mental health – their financial wellbeing.

To support individuals struggling with their financial wellbeing, debt advice experts, PayPlan, have launched a new online resource to help people better manage their relationship and approach to money. The Financial Wellbeing Hub is free for everyone to use and sets out steps to improve your financial education and look after your personal wellbeing.

A person’s financial wellbeing is made up of their relationship with money and understanding of how it affects everyday life. Good financial wellbeing means you’re in control of managing money and understand how any changes will affect you. Bad financial wellbeing is dangerous and can lead to problems if left alone without help.

The launch comes ahead of Time to Talk Day 2021, which seeks to open up the discussion around mental health and end the stigma surrounding it. 1 in 4 people will experience a mental health problem and every year 100,000 people in England attempt suicide because of debt, which is why it has never been more important to highlight the links between mental health and debt, whilst offering advice.

Rachel Duffey, CEO of PayPlan, said of the new Financial Wellbeing hub:

“I am pleased to announce the launch of our Financial Wellbeing Hub - a free resource for clients struggling to keep up with their financial commitments and deal with the emotional effects of problem debt.

"This is a new proposition that aims to support individuals before their debt problem reaches crisis point. We have received great feedback on its effectiveness already and look forward to working with employers and partners within the credit industry on supporting individuals with debt.”

Visit the financial wellbeing hub today at www.payplan.com/financial-wellbeing or email partnershipsupport@payplan.com to find out more about debt advice and training opportunities.

For media enquiries, please contact:

Tom James | T: 01476 517812 | M: 07809 123534 | E: tom.james@payplan.com

PayPlan provides free debt help and advice across the UK. Find out more at www.payplan.com 

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