Mike was commenting on how and why consumers rack up Christmas debt following new research which suggests the average consumer will spend £564 and can take up to five months to clear the debt. Mike also highlights the dangers of making minimum payments on a credit card and sign posts where to get free debt help and advice with NO fees.

How to listen

Sorry, no longer available on the BBCiPlayer

Need debt advice with no fees? 

If you need more information on how to best manage your debts then look at our bespoke list of the not for profit free debt help / advice agencies, they will not charge you fees for debt advice / options.

Are you in debt but don't know where to start?

If this is you then we offer information on what to do when you have a debt issue, who to contact for help, how to take control of your situation, what to say to your lenders / debt collectors and that importantly how not to pay thousands of pounds in fees.

You can see the full five point guide here In debt? Don't know where to start?

Listen to more radio shows here More tv/radio shows