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Free podcast now available - LBC with Clive Bull 9-10pm, Sat 22nd Dec 2018

Saturday, 22nd December 2018

Below is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Consumer Hour on Saturday, 22 December 2018, with Clive Bull. It's free to listen to. On this show, Mike, aka DebtWizard, talks to Clive about Christmas debt plus the latest news affecting consumers with debt issues, he 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 on the podcast below to start listening or move the timer to the part of the show / callers that interests you the most. All news bulletins have been removed by LBC.

Topics for the Christmas Debt Show

Dangers of just making minimum credit card payments  /  Credit / Store Card Debt   / Statute Barred Debts   /  Limitation Act  / Applying for bankruptcy on line  /  Debt Management Plans (DMPs)   /  Debt Consolidation Loans (DCLs)  /  Triggers for getting into unmanageable debt  /  Debt Options   /  Payday Loans  /  Refinancing credit card debt  /  Debt Solutions  / 0% Credit Card Balance Card transfers  / Individual Voluntary Arrangements (IVAs)  /  Debt Help Centres - Citizens Advice Bureau (CAB), National Debt Line and StepChange  /  Consumer bankruptcy  / Credit unions  /  County Court Judgements (CCJs)  /  Debt Relief Orders (DROs)  /  Payment Protection Insurance (PPI)

The Consumer Hour - Christmas Debt, Saturday, 22 December 2018 - Move the timer (using the slide bar) to 150.36 (44 mins 8 secs with news bulletins removed)

 

Timeline

Use the timeline below on the podcast to find the part of the show that you want to listen to.

Move the timer (using the slide bar) to 150.36. Total time of the Christmas Debt is (44 mins 8 secs with news bulletins removed)

150.36 Clive opens the show commenting on how consumers are put under pressure to overspend at Christmas. Mike then warns of the dangers of just making minimum payments on credit cards and gives an example of how a £1,000 credit card spend at Christmas can result in the card holder paying back a massive £3,500.

Clive then asks Mike what type of problems and debt can he help with in this Consumer Hour. Mike then goes through the key triggers of what tips people into unmanageable debt.

161.35 Call 1 Herah from Ilford was looking for information on his £6,000 - £8,000 of his credit card, bank overdraft and payday loan debts.

176.00 Call 2 Tony in Guilford has £40,000 on credit cards and wanted to know his options, bankruptcy, debt management plan or an Individual Voluntary Arrangement (IVA)?

181.18 Call 3 Hassan in Camberwell said he was has store card, credit card and overdraft debt of around £9,000 and was looking for ways of reducing this debt.

183.60 Call 4 Mary in East Dulwich was looking for information for her son who is homeless, has mental health issues and owes money to an energy company. Mary said she has told the energy co that her son has never resided with her but they are ignoring her and sending threatening letters to say bailiffs will be instructed. (Mike has since spoken off air with Mary and emailed her a letter to send to the Energy company to stop the bullying threatening letters)

187.29 Call 5 Rafi in Birmingham was looking for information on his £12,000 - £13,000 of debt after he borrowed money to pay off parking fines, he now has county court judgements and earning limited income as he is self employed. He is 21 years old and resides at home with his parents but has previously committed himself to a further 36 months with hire purchase on a car, paying £230 per month.

193.30 Text from David, 'I'm £60,000 in debt being managed in an IVA but the amount I'm paying has been altered recently due to a new salary, is this fair?'

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.

Mike's blog on the show

One for this show will be coming soon.

Next LBC Money Hour

To be confirmed

More radio shows

Listen to more radio shows here DebtWizard radio shows

Twitter

Mike Thomas @debtwizard

Clive Bull @clivebull

LBC @LBC

 

 

 

 

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