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Free podcast now available - LBC, 8-9pm, Sunday, 13th May 2018

Sunday, 13th May 2018

Mike & Clive in the LBC studio

Below is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Sunday, 13 May 2018, with Clive Bull. It's free to listen to.

How to listen

On this show, Mike, aka DebtWizard, talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country.

Topics & Timeline

We have added 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.


Triggers for getting into unmanageable debt, debt options, credit / store card debt, county court judgements (CCJs), charging orders with debts on the home, debt solutions, debt management plans (DMPs), Individual Voluntary Arrangements (IVAs), consumer bankruptcy, Debt Relief Orders (DROs), Income payment agreements/orders (IPAs IPOs) disposable income (DI) explained, payment protection insurance (PPI), reducing debts, Citizens Advice Bureau (CAB), Christians Against Poverty (CAP) and StepChange.

The Money Hour - Sunday 13 May 2018 (47 mins 29 secs with news bulletins removed)


Time line

The show opens with Clive commenting on how people don't want to face up to being in debt and can often be in denial. Mike goes through those important triggers which put people into unmanageable debt, comments on how credit card debt can control people's lives and then goes through each debt option available to help consumers with serious money worries.

06:57 Call 1 Michael in Chigwell called looking for information on his £6,500 of unsecured debt which he can no longer pay due to being made medically redundant.

14:38 Call 2 Eddie in Leeds wanted to know why his credit report shows him having £800 debt when he said he has paid this. 

17:05 Call 3 Sue in Cardiff called on behalf of her nephew who is currently in an Individual Voluntary Arrangement (IVA), has now lost his job and wanted to know if he could now stop the IVA and now propose a Debt Relief Order (DRO) instead. Mike has agreed to speak off air with Sue and will update on his next show, Sunday, 8-9pm, 1st July 2018.

26:12 Call 4 Fardi in Epson was looking for information on his £60,000 of credit card debt.

35:52 Call 5 Ivan in Kent wanted to know if he were to claim Payment Protection Insurance (PPI) would it have a derogatory effect on his debt management plan for £12,000?

41:02 Call 6 Shaz in Ilford said he is paying £500 - £600 per month on his credit card debts of £10,000 and sometimes does not have enough money left over to buy food. Mike has agreed to speak off air with Shaz and will update on his next show, Sunday, 8-9pm, 1st July 2018.

Please note

The advice/information offered in this show is for your guidance only you should seek your own independent and financial opinion.

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?

Where to get 'not for profit and free debt advice

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

Next LBC Money Hour

Sunday, 8-9pm, 1st July 2018

More radio shows

Listen to more radio shows here DebtWizard radio shows


Mike Thomas @debtwizard

Clive Bull @clivebull





For no nonsense advice just submit the short form and Mike or one of his team will get back to you.

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