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Sunday, 27th November 2016
Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 27 November 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.
Buy to lets repossession, mortgage shortfall debt, student loan company debts, credit card debt, hiding debts from a partner, persons liable in joint loans, Financial Ombudsman Service FOS, StepChange, Citizens Advice Bureau, old debts with debt collectors, FCA Debt collections guidelines conc 7, disposable income, debt management plans DMP, debt relief orders DROs, consumer bankruptcy, individual voluntary arrangements, IVAs, County Court Judgements CCJs, National Debt Line and how to go bankrupt.
The Money Hour - Sunday, 27 November 2016 (47.41 mins with news bulletins removed)
Mike opens the show commenting on news from the British Bankers' Association that consumers are increasing borrowing at the fastest pace since 2006, Mike looks into the figures for credit card debt, overdrafts and unsecured loans and discusses with Clive some of the reasons for the rise in consumer borrowing and shares his concerns he has on the ability of some of these borrower actually being able to repay their debts.
05.36 Mike answers a text from Anna "It's simple just don't borrow, don't take out credit, can't afford it, shouldn't have it."
08.27 Clive asks Mike for an update on Lizzie, a caller to the last show on the 30 September, see podcast link below.
10.06 Mike then answers a question about who is responsible for debts in a relationship.
13.30 Call 1 Nigel in Guildford was looking for information on his credit card debt of £3,000.
17.48 Call 2 Bruce has an old debt (was £10,000 now £4,000) from 2007 with a bank which has now been passed to debt collectors and wanted to know his options.
22.10 Call 3 D in Thamesmead had a question about debts and the liabilities that could fall on him if he had Power of Attorney (POA)
26.12 Call 4 Sarah in South Yorkshire wanted to know her options with joint debts of £7,000 with her husband who died suddenly last year.
32.10 Call 5 Andy in Beckenham was looking for information with his debt management plan, he has being paying around £200 pcm for nine years with fees of £30 pcm, that phone call could save him £3,000 in ongoing fees.
36.40 Call 6 Dave in Byfleet wanted to know his options after discovering he owed his bank over £1,200 in unpaid bank account monthly fees.
40.44 Call 7 Sean in East Ham has been in a debt management plan (dmp) paying £130 pcm since 2010, for a total debt of £45,000 and wanted to know if could use his recently gained £4,000 award to pay off some of the larger creditors.
44.42 Lynn text "What happens when someone dies and there is no money for a funeral?"
46.00 Clive asks Mike if going bankrupt a really bad thing to do?
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.
Recent free podcasts & timelines
Listen to the free podcast & see the timeline - LBC Money Hour - Sunday 8-9pm 30th October 2016
Listen to the free podcast & see the timeline - LBC Money Hour - Sunday 8-9pm 25th September 2016