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Sunday, 25th September 2016
Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 25 September 2016 with Clive Bull. It's free to listen to.
On this show, Mike talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country. Below is a list of the topics and timeline of the audio to make it easier to access certain parts of the show. Just click below to start listening.
Debt and mental health, help with credit card debt, how credit unions work, overdraft limit problems, payday loans/lenders, disposable income, debt management plans DMP, debt relief orders DROs, consumer bankruptcy, individual voluntary arrangements IVAs, selling building society debts to debt collectors, FCA debt collection guidelines, can credit card debt be secured on house, County Court Judgement CCJ, Charging Order for credit card debt, consequences of leaving the UK to avoid paying credit card debts, old debts Limitation Act 1980, national debt line, statute barred debts, Financial Ombudsman Service FOS.
The Money Hour - Sunday, 25 September 2016 (47.50 mins with news bulletins removed)
Clive opens the show asking Mike to explain the kind of people he has helped in the past with debt issues and what he can do to help. Mike then highlights the four key reasons (triggers) that a person can go through in their life which is later identified as the main cause of their debt problems.
Clive then asks Mike about a report just released by The Children’s Society which estimates that 2.4m children in England and Wales living in households in problem debt are at greater risk of having poor mental health than the children of debt-free parents.
08.19 Call 1 Mohamed was looking for information on how to best manage his £4,500 overdraft after his bank decided it is to be reduced to just £2,000
12.28 Call 2 Tony was calling on behalf of his brother who suffers from mental illness and is in debt to a payday lender
16.34 Call 3 Paul, who is 23 years old, has £20,000 of credit card debts and wanted to know what his debt management options were
27.41 Call 4 Steve wanted to know what he could do about a £7,000 unsecured debt he has with a building society which has now been sold to a debt collector
33.04 Call 5 John has credit card debt and was looking for information on how 0% credit card balance transfers work and if they are worthwhile
35.56 Call 6 Tom has £15,000 of debt in a debt management plan and was thinking of paying off his debts in full but wanted to know if this would improve his credit rating
38.00 Call 7 Richard wanted to know if he could just walk away from £20,000 of unsecured debt
41.44 Call 8 Eddie bought a car back in 2002 and wanted to know if this debt can still legally be paid
45.10 Call 9 Simone wanted know if it was fair to be charged 40% in fees for using a claims management company
47.10 Text from Carl "Mention PayPlan as well as it's not just StepChange that do free debt management plans"
Need information on how to best manage your debts issues?
If you need more information on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options.
Listen to Previous Money Hour show 15 August 2016
Listen to more radio shows from 2015 and 2016 here More tv/radio shows