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Sunday, 12th February 2017
Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 12 February 2017 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.
Consumer insolvency numbers for 2016, where to get free debt advice, payday loan debts, credit cards debts, debt consolidation, mortgage debt, StepChange, disposable income, debt management plans DMP, debt relief orders DROs, consumer bankruptcy, individual voluntary arrangements, IVAs, debt collection companies, old and statute barred debts, county court judgements (CCJSs) claiming payment protection insurance PPI.
The Money Hour - Sunday, 12 February 2017 (47 mins 8 secs with news bulletins removed)
The show opens with Mike explaining the dramatic fall in consumer bankruptcy numbers when comparing 2009 with last year and on the rise in numbers of those proposing an Individual Voluntary Arrangement (IVA).
05.16 Call 1 Mark from St Helens called looking for information on his £5,000 debt, mainly with payday loans and mobile phone contracts he said was caused through gambling addiction.
11.40 Call 2 Paul in Glasgow called with credit card debts of £20,000 and wanted to know if he could consolidate his debt or switch to 0% credit card balance transfers.
17.12 Call 3 John in Depford said he borrowed £5,000 in 2004 and stopped paying a year later but he recently received a letter from solicitors for a claim of £6,000. At the end of the call John says, "thank you so much this is great".
21.58 Mike answers an email from Martin asking if there was any 'Brexit' effect on those consumers in a Debt Management Plan (DMP), Individual Voluntary Arrangement (IVA) or bankruptcy.
26.04 Call 4 Vince from Southgate was looking for information for a friend who was being chased by a debt collection company and now the court is involved.
29.43 Call 5 Oliver in Sunbury said he had been paying £90 pcm for 15 years (£16,200) on a debt of £15,000 and that another £5,000 is still outstanding and wanted to know what could be done.
35.18 Call 6 Jules from Manchester called saying he has mortgage debt of £2m and wanted to know if it was worth consolidating the debt into one loan.
38.16 Call 7 David in Tower Hamlets was looking for information on his county court judgement (CCJ) for a debt of £11,000.
43.02 Call 8 Susy in Tottenham called with a Payment Protection Insurance (PPI) query after being told by cold callers she can claim back her PPI even though she has claimed on the insurance when off work.
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 and are not for profit organisations.
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