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Simple debt advice - with no up-front costs


Mike will be talking to Roberto Perrone after 3pm about the rise in consumer spending in particular credit card use and car loan finance. The danger of making minimum credit card payments on a credit card. The four triggers that push people into debt. Consumers paying bills on the credit cards. Where to get free and no fees on your debt advice and options.

How to listen

Read more: BBC Three Counties Radio - Roberto Perrone 28/6/17


Mike was in the studio talking to Dave Monk about the the rise in consumer borrowing and expresses his concerns. Mike then highlights a recent call he had with a 25 year old with £50,000 of unsecured credit card and bank loan debt. They also talk about historic interest rates, where to go to get that free debt advice with no fees, the role of the ATM and its effect on consumers.

Read more: BBC Essex Drivetime with Dave Monk 27 June 2017


The Bank of England have raised concern that consumer spending is being underpinned by debt, amid comparisons to the run-up to the financial crash.

Unsecured consumer credit such as credit and store cards, car loans and payday loans is this year expected to hit levels not seen since the 2008 financial crash and the rise in inflation is expected to put even more pressure on cash-strapped households.

Read more: 'Debt bubble returns to days of 2008 crash' The Guardian


June 2017 striking numbers - our top 10 from The Money Charity

  1. Net lending to individuals in the UK increased by £143 million a day
  2. On average, a UK household spends £3.61 a day on water, electricity and gas
  3. Average outstanding mortgage for the 11.1m households with mortgage debt was £120,230 in March
  4. 3,321 Consumer County Court Judgments (CCJs) are issued every day, with an average value of £1,495

    Read more: UK Consumer Debt Numbers June 2017


Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 25 June 2017 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 on the podcast below to start listening.


Read more: Free Podcast now available - LBC Money Hour with Clive Bull - Sunday 8-9pm, 25 June 2017


Mike was talking to Roberto Perrone about the FCA proposals on new rules for credit card firms, aimed at helping millions of customers get out of persistent debt. Mike explains the meaning of 'persistent debt' and gives an example of how much you pay back if you borrow £3,000 on a credit card and make just the minimum repayments. Roberto then asks Mike what people can do if they have debt problems.

Read more: BBC Three Counties Radio - Roberto Perrone 3/4/17 5.24pm


Mike was talking to Dave Monk about the Financial Conduct Authority (FCA) proposals on new rules for credit card firms to help millions of customers get out of persistent debt. He explains the definition of persistent debt and the time period before credit card companies are expected to freeze interest and charges. Mike then comments on what he would like to see change which he feels the FCA is not addressing.

Read more: BBC Essex Drivetime with Dave Monk 3/4/17 4.05pm



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