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Media 2014

Catch up with the latest media from 2014.

 

You can scroll down the page to find the 'Launch Player' for selected shows. Some shows will be on the BBCiPlayer and for LBC debt phone-in shows see the 'How to listen' section.

 

We also have some selected media from other years: 2008, 2009, 2010, 2011, 2012, 2013, 2014.

 

BBC Newcastle with Jonathan Miles
On Tuesday, 26 August 2014

Mike was talking to Jonathan about how important it is to educate children on how to manage their money and avoid getting into debt.

Mike also reveals how long it will take a borrower to repay a credit card debt of £2,000 whilst making the minimum payments, it's staggering.

How to listen (iPlayer link will be loaded later today)

BBC iPlayer - You can isten to the whole show or just Mike's slot. Click on the BBC Newcastle - Jonathan Miles Show 26/8/14 for Mike move the timer to start 2210 (4mins).

Remember this is a BBC recording therefore any competitions or prizes are no longer applicable.

You are advised to seek professional advice on any debt issues you may have.

Twitter @debtwizard @JonathanMiles61 @bbcnewcastle

More tv/radio shows


Radio

BBC Essex - Dave Monk Show 9.10am
On Tuesday, 29 July 2014

Mike was commenting on the case of Philip, an elderly gentleman, who was 'conned' out of £70,000 by a friend. Mike goes through Philip's options and refers to another case he is dealing with which is similar and the debt is now £832,000.

How to listen

BBC iPlayer - To listen to the background to Philip click on the BBC Essex - Dave Monk Show 29/7/14 and move the timer to start 07.52 - 17.52 (10 mins). Mike starts on 21.17 - 25.00 (4mins). Remember this is a BBC recording therefore any competitions or prizes are no longer applicable.

You are advised to seek professional advice on any debt issues you may have.

Twitter @debtwizard @BBCEssex

More shows here

 

Radio

LBC with Clive Bull 8-9pm
On Sunday, 27 July 2014

Mike__Clive_20_Jan_2014_useThis was another fabulous show with Mike in the studio of Leading Britain’s Conversation (LBC) with Clive between 8 and 9 pm talking about the latest news affecting consumers with debt issues and taking calls, texts and emails from around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Debt Phone-in show, Sunday 27 July 14 (43mins 21 secs)

Topics & time line

See the time line below for any topic that interests you.

The show opens with Mike comparing 1991 interest rates to those in 2014 and how the historic five years of just 0.5% Bank of England base rate is helping many home owners stay in their homes. The worry being how homes would be repossessed once interest rates increase.

06.14 First caller was John who is £45,000 in debt on credit cards debt and was wondering if he could sell his house to clear this, he was worried that he has a poor credit rating and may not have enough money to pay everything off. Mike gives him some other ideas and goes through his options.

13.55 Next on is Jay who has fallen behind with £10,000 of credit card debt and is now being offered a reduction to settle some debts, he was not sure how this works and also wants to get a mortgage in the future.

21.42 Carl called the show as he has received a letter from a debt collector threatening him to take him to court over a £2,000 credit card debt and when questioned by Mike he said that he has not paid or acknowledged the debt for over 6 years. This put a completely new approach to the answer Mike gives and he guides Carl through what he needs to do now.

25.17 We had an update with Lizzie who called the show back in June really worried and confused about why she is being called and written to about a debt that she does not recognise. Lizzie is 85 years old, registered blind. Mike then explains where we are and what happened with the debt.

28.38 Jackie was next on with huge debts of £60,000, in danger in losing her house, husband not well and sick with fear. This case will be updated on Twitter using the tag #LBCDebt

31.50 Angela sent in a text saying that she was in an IVA and had just received a sum of £130 back on working tax credits and wanted to know is she had to declare this to the IVA firm.

33.50 Then we had Sam with £10,000 of credit card and overdraft debt, he has been offered the chance to pay a part settlement in full on the debts and was worried about how this would impact on his credit file and how much he should pay on a reduced settlement figure.

35.50 Mohammed cis next on with debts of around £76,000, he had a technicality on his house ownership as he owns 50% and the housing association the other 50%. He has been told that if he goes bankrupt he will lose his house. This case will be updated on Twitter using the tag #LBCDebt

40.01 Last caller is Charles with mortgage arrears of £5,100.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard

More tv/radio shows

 

Radio

BBC Essex with James Whale 7.15am
On Friday, 25 July 2014

Mike spoke to James about a credit union that is to open on Friday 25th July in a High Street bank in Chelmsford, he aso reflected on the new FCA rules that will effect payday lenders from January 2015 and revealed how a payday loan debt above a thousand pounds can be secured on a debtor's home, if owned. Please note from January next year, if you borrow £100 for 30 days and pay back on time, you will not pay more than £24 in fees and charges and not on £300 as Mike said at the end of the clip.

How to listen

Launch player - You can listen to Mike's bit by clicking on the 'Launch Player' (6 mins). BBC iPlayer - No longer available, see launch player instead. Remember this is a BBC recording therefore any competitions or prizes are no longer applicable. You are advised to seek professional advice on any debt issues you may have.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter @debtwizard @THEJamesWhale @BBCEssex

More tv/radio shows

 

 

 


Radio

Launch player

BBC Three Counties - Jonathan Vernon-Smith 11.15am
On Friday, 25 July 2014

Mike was talking to the effervescent Mr Jonathan Vernon-Smith and Derek, a listener, who was recently made bankrupt in Cyprus. Derek was worried about how this would impact on his credit file and whether he could lose his home in the UK. He also had one other real worry, as he was married to a Cypriot, could he be arrested at the passport control when entering Cyprus? Mike reveals all the answers

How to listen

Launch player - You can listen to Mike's bit by clicking on the 'Launch Player' (17 mins). BBC iPlayer - No longer available, see launch player instead. Remember this is a BBC recording therefore any competitions or prizes are no longer applicable. You are advised to seek professional advice on any debt issues you may have.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

To follow Mike use @debtwizard & Jonathan use @jvsshow

More tv/radio shows


Radio

Launch player

LBC with Clive Bull 8-9pm
On Sunday, 22 June 2014

Mike__Clive_20_Jan_2014_useMike was in the studio of Leading Britain’s Conversation (LBC) talking to Clive about the latest news affecting consumers with debt issues. He also took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Debt Phone-in show, Sunday 22 June 2014 (44 mins)

Topics & time line

See the time line below for any topic that interests you.

Clive opens the show talking about the startling research by the British Bankers Association (BBA) that consumers are hitting the credit cards again as borrowing hits levels last seen in 2008. Mike then reveals the signs that someone is in too much credit card debt.

07.00 First caller is Lizzie who is in her 80s, has just been fitted with a pacemaker and registered as severely sighted blind. Lizzie says that 10 months ago she bought an item through a catalogue for £22 and paid for it in full. Now she is receiving letters and sometimes four telephone calls a day demanding £76. Yesterday she received a letter saying that if the debt was not paid then debt collectors will come knocking at her door. This case will be updated on Twitter using the tag #LBCDebt

13.09 Next on is Mary who was worried about paying her £75,000 interest only mortgage and wanted to know what she could do.

18.00 Emanuel could continue as he inadvertently named the company.

18.56 Clive then asked Mike about a warning from the FCA directing consumers to STOP paying a debt management company and their subsidiaries. Why was this and what happens now to those 3,500 customers.

22.57 Ali called next saying he had a very bad credit rating after going abroad for three years and basically forgetting his debt troubles. Now he wants a mortgage what can he do?  Mike said he needed to get his priorities right and sort out his debts which is then revealed to be circa £60,000 before he thinks about applying for a mortgage. Mike then explains what he needed to do in preparation to contacting a debt management agency.

29.03 Then it was a text from Paul, asking for help on a £1,200 overdraft with a buffer of £1,800. His problem is that he is being charged £100 pcm for the facility and wants tips on how to get out of the red.

31.41 Martha has been continuously using payday loan companies for the past 18 months to make up for her shortfall in income and was worried about how this would impact on her getting a loan to clear her payday loan debts.

37.50 Last caller was Sid who said he recently got a parking fixed penalty notice and was petrified that he will be stopped by police with debt collectors in tow and have to pay hundreds of pounds to keep his car.

40.40 Clive the presenter than reads an email from another listener who owes around £30,000 on credit cards and bank overdrafts, now unemployed and on income support. Mike goes through the merits of a debt management plan and Individual Voluntary Arrangement (IVA).

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard

More tv/radio shows

 

Radio

BBC London 94.9 - The Breakfast Show
On Monday, 26 May 2014

Mike spoke with Penny Smith and Paul Ross about the rising number of Londoners struggling to pay their council tax. Mike then explains how one Metropolitan police officer was made bankrupt by his council for non payment and how the cost to annul his bankruptcy went into thousands. Mike reveals other examples of how non payment of council tax can lead to having the home being repossessed or even going to prison. He then reveals where to get that important 'free' debt help and advice.

How to listen

Launch player - You can listen to Mike's bit by clicking on the 'Launch Player' (5 mins 28 sec). BBC iPlayer - No longer available, see launch player instead. Remember this is a BBC recording therefore any competitions or prizes are no longer applicable. You are advised to seek professional advice on any debt issues you may have.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

More tv/radio shows


Radio

Launch player

LBC with Clive Bull 8-9 pm
On Sunday, 04 May 2014

Mike was live in the studio talking to Clive about the latest news affecting consumers with debt issues. He also took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Debt Phone-in show, Sunday 4 May 14 (28 mins)

Topics & time line

See the time line below for any topic that interests you.

Clive opens the show admitting that he before he met Mike he did not know there were 'debt advisers' as such available to help people in debt and thought that you either went bankrupt or paid your debt. Mike then goes through what options are available to consumers and the help of a debt counsellor can really help. Then the dicussion moves on to how five years of low interest rates are keeping some families in their homes.  Mike then revealed that the cost for a consumer to go bankrupt has gone up again and compares the cost with Scotland.

Full time line being added v soon

11.53 Ann was the first caller worried about her daughter being able to get another mortgage after separating with her boyfriend. Ann enquired if her daughter had to reveal this to the mortgage company when looking to remortgage.

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard

More tv/radio shows

 

 

Radio

LBC with Clive Bull 8-9pm (new time slot)
On Sunday, 06 April 2014

Mike__Clive_20_Jan_2014_useThis was another fabulous debt phone-in with Mike live in the studio talking to Clive about the latest news affecting consumers with debt issues. He also took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on

Debt Phone-in show, Sunday 6 April 14 (44 mins)

Topics & time line

See the time line below for any topic that interests you.

04.28 First caller was Ray, he had previously called the show back in Feb 2014 as he was worried about a firm of debt collectors who had written to him and called several times about a £4,000 debt that they say was taken out 20 years ago. Ray insisted he knew nothing about this debt but the debt collectors would not give up and kept calling him. Ray then gives an update on what has happened following Mike's intervention. Mike then explains what he did to help Ray and spoke about the time limits and how they can be extended in recovering old debts.

10.46 Miz was the next caller, he was worried about bailiffs calling for unpaid parking fines that had now reached £7,000.

16.04 Next on was Alex who has £30,000 of debts. Mike went through his options which included, debt management plan, an IVA under the new IVA Protocol 14 and possible remortgage.

21.28 Question from Clive, the presenter, "By seeing a debt counsellor, will this affect your credit rating?" What a fab question!

22.36 Then we had Rebecca call in to say that she wrote to all her creditors asking for a copy of her signed credit agreement, when they could not produce this she stopped paying. Now it has been over six years and wondered where she stood legally.

25.48 Mike explains the key points to the changes in Bailiff laws, out go the 'bailiffs' and in come 'Enforcement Agents'.

29.18 Next on the line is Ben with debts of £12,000, Mike gives him quite a few ideas to think about.

33.29 Mike gives an example of how much you will be charged in fees in a debt management plan if you approach a 'fee charging debt advice company'.

34.32 Simon calls about the £13,000 he owes the HMRC and has around £7,000 on credit cards.

40.14 Last call of the night was Katy who was trying to get some help for her boyfriend who had been fined for not completing the log book correctly following the sale of a car.

42.27 Mike then talks about the new FCA enquiry into the credit card market and how some people fear this could be just the beginning of the end of 0% credit card balance transfers.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard

More media shows from DebtWizard here

More LBC Clive Bull Free Money Advice Podcasts here

 

 

Radio

The BIG 'Can't Pay' Debt Debate - 10pm on Channel 5
On Monday, 17 March 2014

Ch_5_Debt_DebateMike Thomas (aka DebtWizard) spoke several times on this live television debate held on Monday 10pm, 17th March 2014, Channel 5.

His first input is at 12.30 on the timer defending the chap in the wheelchair who had debts of £42,000.

Then at 21.40 he had to interupt after Debbie said she had borrowed £500 from a loan shark, paid back £88,000 and said she still owed £40,000.

He was at it again and can't believe he was defending a 'payday loan' company, you can hear what he said at 27.35, he was also called a 'young man' by Nick Ferrari which made his day!

You can watch the 'Can't Pay Debt Debate' in full here The BIG 'Can't Pay' Debt Debate

Twitter - Mike is  @debtwizard

 

 

Television

LBC with Clive Bull 9-10pm
On Sunday, 09 March 2014

Mike__Clive_20_Jan_2014_use

Mike was live in the studio talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on Debt Phone-in show, Sunday 9 March 14 (47 mins)

Topics & time line (some calls updated on Twitter using #LBCDebt)

See the time line below for any topic that interests you.

03.27 Frank called about his son who said he has just been issued with an eviction notice for £3,000 mortgage arrears.

Then it was a general discussion with Ian about how people can easily fall into debt. Mike then revealed how he helped one police officer who had £700,000 of debt. Next Mike explains under what circumstances a consumer can actually go to prison for debt.

14.24 Next up was Bob, he wanted to help a friend that has £6,000 rent arrears and doesn't know where to start.

18.37 Bill (70 years old and disabled) then called the show worried and confused over a legal aid charge on his house, he tells Mike that the charge is growing with an interest rate of 12%. This case will be updated on Twitter using the tag #LBCDebt

25.14 Harold an accountant has been approached by a client asking about old debts and the Limitation Act governing debt collectors.

31.20 Andrew called next with problems signing on and had been refused JSA allowance and told to go to the food bank.

35.58 Mike answers a text from one listener who wanted to know if he could get help in meeting the funeral costs for his father.

37.00 Claire came on the radio next and wanted to consolidate her £10,000 credit card debt.

41.07 Imran wanted advice on over payment of Child Tax credit.

42.52 Last caller was Kieran who had a tenancy query.

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter

Tweet Clive using @clivebull @IanCollinsUK LBC use @LBC and for Mike @debtwizard Track the callers that Mike will help using the tag #LBCDebt

More media shows from DebtWizard here

More LBC Clive Bull Free Money Advice Podcasts here

 

Radio

BBC Essex - Dave Monk Show 11am
On Monday, 03 March 2014

Mike spoke to Dave about 'The dangers of loan sharks being taught in schools', how parents can best educate their children about money, how our culture makes everyone in debt, the keys triggers of debt, why it is difficult to ban payday loan advertising becasue they pay for their adverts and how one of his clients went bankrupt at 23 years of age with debts of £32,000.

No longer on the BBC iPlayer.

More tv/radio shows


Radio

Charging orders: How your home could still be at risk if you fall behind with an 'unsecured' debt
On Wednesday, 26 February 2014

051-money-houseBorrowers taking out credit cards and loans could be in for a nasty shock if they hit hard times and struggle to keep up repayments.

Despite these products being sold as unsecured debt, they can in fact end up being turned into a secured debt and leave homes at risk as lenders hit those struggling with charging orders.

Fall behind with repayments and a debt of as little as £1,000 could mean you are forced to sell your home.

DebtWizard is leading the campaign to stop what he calls, "A huge case of misleading consumers into thinking their debt is unsecured, when it is not.“If the debt is unsecured then it must stay unsecured. Home owners are being bluntly discriminated against if they fall behind with payments.

“If you do not own your home then the debt quietly disappears but those who own homes are at a huge risk and this risk needs to be abundantly clear at the point of sale and evident on every agreement.

"This is a huge case of misleading consumers into thinking their debt is unsecured, when it is not. I have written to the ­Financial Conduct Authority, FCA to try and get them to consider risk warnings and expect an announcement shortly to see if I have been successful ."

Read full article online Charging orders: How your home could still be at risk if you fall behind with an 'unsecured' debt

 


Press

mirror.co.uk

LBC with Clive Bull 9-10pm
On Sunday, 16 February 2014

Mike__Clive_20_Jan_2014_useMike was live in the studio talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below on Debt Phone-in show, Sunday 16 Feb 14 (45 mins)

Topics & time line (some calls updated on Twitter using #LBCDebt)

See the time line below for any topic that interests you.

The show opens with Mike giving updates about the callers to the last show on the 19 Jan 2014. First update was Alan who was unsure if he was made bankrupt six years ago as he has never heard anything since that date. Then it was Mem who had a similar problem but seemed very confused.

Then Mike gave a classic example of how a debt problem went wrong, when one individual did not take professional debt advice before he went bankrupt, had he done so could have been debt free and £10,000 richer, instead he remains bankrupt. See this forum post Went bankrupt with £36,000 credit card debt then got £46,000 PPI claim

Next Mike explained how the debt industry is split, fee charges and non fee chargers. Then it was the cost to go bankrupt in England & Wales compared to Scotland and how this high fee is impacting on consumer bankruptcy numbers.

12.40 Jane called and wanted to know if she could claim back her PPI on the debts that featured in her IVA.

17.37 Next caller was Cathy who wanted to know if she was doing the right thing by moving her £9,000 credit card debt to 0% balance transfer.

21.40 Update with Samantha who called from the show 19 Jan 2014 with debts of £11,000 and was thinking of proposing an IVA. Mike was amazed to find out she was saving £200 per month and not addressing her debts, but he still found a way forward.

23.39 James called saying that he has fallen behind with his hire purchase payments on his and wished to sell it before it is repossessed. Mike said he did not think he would be able to sell the car without the lender doing several things first and explained what they were.

26.30 Then it was a story about how one person changed their gender from a female to male to avoid paying her/his debts!

28.20 Tamil was on next, he is a student and wanted to reduce his interest charges on his £13,000 of credit card debt. This case will be updated on Twitter using the tag #LBCDebt

32.13 Raymond called saying he is being chased by debt collectors for a £4,000 debt that is not his. This case will be updated on Twitter using the tag #LBCDebt

35.00 Next on was Abdul who had his IVA failed after four years of paying and wanted to know if he could propose another IVA to his creditors.

39.12 Raj was issued with a County Court Judgement (CCJ) for £7,000 at his old address and wanted to know if it was still legal and enforceable. What Raj did not know was that the £7,000 debt can now easily be secured on his house as he is a home owner by way of a charging order. He also had a query over PPI claims and a debt relief order (DRO).

42.45 Mike then gives an update on caller Rick who called the last show on19 Jan 2014 who could not afford the bankruptcy fee.
This case will be updated on Twitter using the tag #LBCDebt

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard Track the callers that Mike will help using the tag #LBCDebt

More media shows from DebtWizard here

More LBC Clive Bull Free Money Advice Podcasts here

 


Radio

BBC Coventry & Warwickshire with Annie Othen 10.30am
On Friday, 07 February 2014

Warning about how long it can take to clear a £2,000 credit card debt when making just the minimum payments. The four key triggers that lead to debt. How important it is to understand how the debt management industry work, those firms that will charge you fees for the debt advice and service and those that will not. An example of how someone can pay £3,600 in fees on a debt of £15,000. The type of information you will need to hand before you make that call and what to expect from the debt adviser. Fascinating stuff!

How to listen

Launch player - You can listen to Mike's bit by clicking on the 'Launch Player' (15 mins). BBC iPlayer - No longer available, see launch player instead.Remember this is a BBC recording therefore any competitions or prizes are no longer applicable. You are advised to seek professional advice on any debt issues you may have.

Remember this is a BBC recording therefore any competitions or prizes are no longer applicable.

You are advised to seek professional advice on any debt issues you may have.

More tv/radio shows

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter: You can follow Mike on @debtwizard @bbccovwarks

Facebook:  facebook.com/DebtWizard facebook.com/bbccoventryandwarwickshire


Radio

Launch player

BBC West Midlands with Adrian Goldberg 10.30 -11am
On Tuesday, 21 January 2014

Mike spoke to Adrian about how consumers can best manage their debts.

No longer on the BBC iPlayer

Twitter  @debtwizard Facebook DebtWizard

More media shows from DebtWizard here

 

Radio

LBC with Clive Bull 9-10pm
On Sunday, 19 January 2014

Mike__Clive_20_Jan_2014_useMike was live in the studio talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below

Debt Phone-in show, Sunday 19 Jan 14 (44 mins)

Topics & time line

See the time line below for any topic that interests you.

The show starts with the discussion about Black Monday for tens of thousands of consumers as their credit card bills start landing on their door mats following the festive big spend up. Mike then talks about a lady who recently posted on his forum saying that she has been hiding her £65,000 of debt from her husband, unable to sleep and been pretending to go to work.  The lady under the nickname of Flora believed she could not be helped and was so distressed that Mike decided to give her a call. Mike then explained how he changed her life around in that call and spoke about the 'incredible' support from her husband. You can read this amazing thread here  Frightened huge debts - my husband does not know

Next topic was the research by You.Gov for Shelter revealing that one in four households are paying their mortgage or rent using payday loans, this was followed by comparing an unauthorised bank overdraft to taking out a payday loan, you will be surprised at the finding. Credit unions then came into the discussion.

12.16 Lee is the first caller, he has £1,000 overdraft with his bank that he is disputing, the bank has now frozen his bank account.

15.25 Tom is a university student with £6,000 credit card debt and now really struggling to pay this back and can't make the payment next month.

19.03 Mem called and wasn't sure if he had been made bankrupt or not. Mike was concerned that Mem was confused and said that he need to speak with Mem after the show to see what he can do. This case will be updated on Twitter using the tag #LBCDebt

23.17 Samantha was next on with debts near the £11,000 mark and thought an IVA was her best debt option, Mike had different ideas and suggested that Samantha looks at other options and went through this. This case will be updated on Twitter using the tag #LBCDebt

27.52 Eebo wanted advice after his energy company had billed him for £17,000 and he says they have read the'wrong' meter.

30.51 Alan called to say that he was made bankrupt six years ago and has never heard anything since that date. Both Mike and Clive were intrigued about this caller and the what he said. Mike said he needs to speak further with Alan to establish what exactly went on. This case will be updated on Twitter using the tag #LBCDebt

35.10 Cleo was worried about a £100,000 debt and did not know what to do.

37.55 Rick is 43 years old, has debts of £30,000, is disabled and only income is from benefits. He does not own or rent a property and is sofa surfing. He has been told that he needs to go bankrupt but cannot save the £700 fee to do this. Mike said it will be his mission to try and help him raise he fees. This case will be updated on Twitter using the tag #LBCDebt

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

Twitter

Tweet Clive using @clivebull LBC use @LBC and for Mike @debtwizard

More media shows from DebtWizard here

More LBC Clive Bull Free Money Advice Podcasts here


 


Radio

BBC London Harriet Scott & Chris Rogers 10.40am (15 mins)
On Sunday, 05 January 2014

The key reasons why people get into debt, how the debt management industry is split into two with firms that will charge you fees and agencies that will not.

Mike then demonstrates how easy it is to spot a dodgy debt advice website with his one minute test. What happens when someone makes contact with a debt management agency and what information you will need to hand for that call?

How to listen

Launch player - You can listen to Mike's bit by clicking on the 'Launch Player' (20 mins). BBC iPlayer - No longer available, see launch player instead. Remember this is a BBC recording therefore any competitions or prizes are no longer applicable. You are advised to seek professional advice on any debt issues you may have.

Twitter: @BBCLondon949 @harrietscott_ chrisrogersBBC & for Mike @debtwizard

Facebook:  See BBCLondon949 & DebtWizard

More media shows from DebtWizard here

Need debt advice

If you need advice on how to best manage your debts then look at free debt help / advice agencies, they will not charge you fees for debt options and still get the job done.

 

Radio

Launch player

LBC with Clive Bull 8-9pm
On Wednesday, 01 January 2014

Mike__Clive_20_Jan_2014_useMike was live in the studio talking to Clive about the latest news affecting consumers with debt issues and took calls, texts and emails from listeners around the country.

How to listen

You can listen to the 'Debt Special Show' on the free bite size podcast from LBC by clicking below

Make 2014 a debt free year - 1 Jan 14 (38 mins)

Topics & time line

See the time line below for any topic that interests you.

Mike opens with a general natter with Clive about how over the past 15 years or so we have developed a culture of must have now and pay later through slick marketing and easy available of credit.

05.42 Mike explains what information consumers need to have to hand before they pick up the telephone and ask for the debt help. Then reveals the two key words that all debt counsellors are looking for 'disposable income' and why this is so important when giving debt advice.

08.15 Patrick called saying that he is now worried about his future credit rating after he recently took out the new Insolvency Order in Ireland.

16.22 Then James called and said that he can't pay his electric bill as the supplier cannot bill him due to a technical error their end, what can he do?

19.15 Sue called as she wanted to know why when applying for car or house insurance you are asked 'have you ever been made bankrupt or proposed an Individual Voluntary Arrangement (IVA).

22.16 Clive the show presenter then asks 'is it not too easy to just run up credit card debts intentionally knowing that you could just not pay them back by going bankrupt?'

26.16 Peter called and gave his own personal experience after finishing an IVA, in particular the house equity was discussed along with ways of how to deal with this. Peter then said that once the IVA concludes, your credit rating goes through the roof, no not floor.

31.20 Mike then explains how the debt industry works, it is split in two, firms that will charge you fees and firms that will not. Mike then gives some very useful tips on what to look for when paying for debt service and what to ask about the fees.

33.05 Tom was the last caller saying that he owes the Inland Revenue £115,000 and that he has been told to sell his flat to pay this bill.

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