On This Morning!
Debtwizard Facebook Debtwizard Twitter

Call 03339 870 180  
Monday to Thursday: 9.00am - 8.00pm, Friday 9.00am - 5.30pm

Simple debt advice - with no up-front costs



News

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 are seven different ways to listen to LBC

Read more: Next show - LBC with Clive Bull Thursday 27th Dec 2018 9-10pm

 

Mike Thomas was in the studio with Sadie Nine just after 9am to comment on consumer bankruptcy following the recent news Katie Price has avoided going bankrupt. Mike went through the new changes on how to apply for bankruptcy, the cost to the consumer, the alternative debt options to avoid going insolvent and answers texts and calls to the show.

How to listen

Read more: BBC Essex with Sadie Nine 9am 6/12/18

 

Mike ThomasMike Thomas, Founder of DebtWizard joined Andy Collins offering his top tips on how to avoid getting into debt this Christmas and what to do if you overspend.

Mike goes through the problems with credit card debt when people only make minimum payments and reveals how a debt of £2,600 on a credit card can take up to 25 years and 7 months to repay, plus his tip on how to bring this down 20 years quicker!

Mike then introduces his bespoke five point guide on how to get out of debt designed to help people with debt problems who have no idea where to begin. It details 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.

How to listen

Read more: BBC Three Counties Radio with Andy Collins 7.50am 5/12/18

 

There are calls for the government to update debt collection legislation after new research by Money and Mental Health Policy Institute (MMHPI) revealed the devasting effect bullying and threatening debt collection letters can have on those with mental health issues who have problem debt.

The research key findings;

Read more: "Lenders' & Debt collection letters' need to be changed" says Martin Lewis

 

New figures from UK Finance reveals consumers spent £11.3bn on credit cards in October, this is 12.1 per cent higher than the same month last year. Over the past twelve months, the outstanding level of credit card borrowing grew by 5.7 per cent.

According to The Money Charity total credit card debt up to September 2018, was £72.4bn. In December 2017 this was £70.1bn.

UK Finance figures show that 55.1% of credit card balances were bearing interest in September 2018.

Other forms of borrowing

Read more: Consumers continue to pile on credit card debt

 

The government is calling for evidence after announcing a second post-implementation review of enforcement agent (bailiff) regulations which were introduced in 2014, to regulate the operation of enforcement agents / bailiffs and the fees that they charge.

Citizens Advice have raised concerns that the last set of reforms, some five years ago, are not working well for consumers, which has resulted in this new call for evidence.

Read more: Enforcement agent (Bailiff) review: second call for evidence

 

The Financial Conduct Authority (FCA) have said a price cap on the rent to own sector will come into force on April 1, 2019, providing consultation is agreed which closes on the 17 January 2019.

Once implemented it will save around 400,000 consumers up to £22.7m a year from excessive charges.

How will the proposed cap work?

The cap is a bespoke and designed to fit the RTO market and broken down into two parts.

Read more: Price cap on ‘rent to own’ (RTO) agreed for April 1, 2019

 

Mike ThomasBBC London - Drivetime with Petrie Hosken 6.15am. Mike spoke to Petrie about the new 'Breathing Space' being proposed by the government for debtors and what this means for those with debt problems, including those with mental health issues/debts.

Mike then goes through what debts are being considered to be included and those debts that will not, the three point access criteria and importantly who triggers the Breathing Space, the consumer/debtor or the debt adviser.

How to listen

Read more: BBC Radio London - Breakfast with Petrie Hosken - 6.15am 21/11/18

 

New research from the Money Advice Service (MAS) suggests UK adults are hiding £96Bn of debt from their loved ones, family or friends. When broken down to the 52,709 adults this equates to an average of £4,164 per adult.

The findings coincide with the Money Advice Service launching ‘Talk Money Week’ (12th – 18th November) aimed at getting people to talk about their finances, improve on their money management skills and financial wellbeing steered towards ending the taboo of being in debt.

The findings also revealed;

Read more: Brits hiding their secret £96Bn of debt from loved ones, family and friends

 

RAPID DEBT HELP FORM

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


Unsecured debt

--Debt Amount--

Home owner

Yes No

No. of creditors

1

Current payments

£0 - £25

Affordable payments

£0 - £25

Forename

Surname

Email Address

Phone Number

Enquiry/Comment

Yes No Can we leave a voicemail

Yes No Can we contact you via SMS

Yes No Can we contact you via email

Best time to call

Today
ASAP

Please note: If you continue you are agreeing to our privacy policy, available here.