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BBC Radio London - Drivetime with Eddie Nestor 4pm 3/1/18

Wednesday, 3rd January 2018

Mike Thomas, founder of DebtWizard, was in the studio at 4.30pm with Eddie Nestor discussing ways listeners can get help to overcome unmanageable debt issues. Ed opens the show asking Mike if mental health and debt are connected. Mike then explains the four main triggers that put people into debt and reveals how much consumers actually pay back when making just minimum payments on a credit card debt of £3,000, the final amount is startling. Then it's the importance of budgeting and how many people who simply don't budget on their spending. Ed wanted to know the pros and cons of going bankrupt and asks Mike if going bankrupt was a bad thing. 

How to listen

Sorry, no longer available on the BBC iPlayer.

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