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Mike ThomasMike Thomas, DebtWizard founder, spoke to Roberto Perrone about how and why police officers fall into debt, this following the arrest and conviction of Bedfordshire police officer Gary Suffling who has been sentenced to three years in prison for blackmailing a suspect for £1,000. Suffling, a police detective, claimed he had financial difficulties. Mike reveals the types of people and occupations he has helped and tells Roberto about one of his extreme cases whereby he save the police officer his job even though the officer had over £700,000 of debt.

How to listen

Read more: Next show - BBC 3 Counties Radio - Drivetime with Roberto Perrone - 4.15pm 23/2/18

 

Mike & Clive in the LBC studio

Mike will be in the studio talking to Clive Bull about the latest news affecting consumers with debt issues, he will take calls, texts and emails from listeners around the country looking for information on their debt problems.Callers do not need to use their real name on air if they do not want to!

How to listen

There seven different ways to listen to LBC

Read more: Next LBC show - Clive Bull - Money Hour - Sunday 8-9pm 18/3/18

 

Your support is much needed - join the campaign on the link below.

Charities are calling for ‘Breathing Space’ scheme (currently out for consultation) to be extended to the 23,000 people battling debts while hospitalised due to their mental health last year.

New analysis of national data by the Money and Mental Health Policy Institute (MMHPI) estimates that 23,000 people in England were struggling in problem debt last year whilst in hospital for their mental health.

The MMHPI says this group of people are likely to be receiving calls and emails from banks, credit card companies, local authorities and other creditors whilst in acute distress, potentially feeling suicidal. Thousands more were in a similar position whilst receiving mental health crisis support in the community.

Read more: Join the campaign to stop people in mental health crisis being hassled over debt

 

Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 11th February 2018 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.

Topics

Read more: Free podcast now available - LBC with Clive Bull - Money Hour Sunday, 8-9pm 11/2/18

 

The number of people who became insolvent in England and Wales in 2017 was 99,196, a 9.4% rise on 2016 and returning to the level observed in 2013 and 2014 reports The Insolvency Service.

Individual Voluntary Arrangements (IVAs)

There were 59,220 Individual Voluntary Arrangements (IVAs) in 2017, an increase of 19.8% on 2016 and the highest annual level recorded.

Read more: Record rise in Individual Voluntary Arrangements (IVAs)

 

January 2018 striking numbers - our top 10 from The Money Charity

  1. £70bn is the total amount credit card debt in November 2017
  2. On average, a UK household spends £3.27 a day on water, electricity and gas
  3. 21 properties are repossessed every day, or one every 1 hour and 9 minutes
  4. It costs an average of £30.23 per day to raise a child from birth to the age of 21

    Read more: UK Consumer Debt Numbers January 2018 - Our top 10

     

New research from Institute for Fiscal Studies (IFS) reveals that a third of the lowest income households have unsecured debts (credit/store cards and loans) greater than their assets.

The IFS said that household unsecured debt has been rising by 10% a year with a quarter of very low income households unable to meet their current bills and debt payments.

Read more: Poorer families have more problem paying debts, says the IFS

 

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

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

 

Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Monday, 1 January 2018 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.

Topics

Read more: Free podcast now available - LBC with Clive Bull Monday 9-10pm 1 January 2018

 

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