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BBC Essex Drivetime with Dave Monk 27 June 2017

Tuesday, 27th June 2017

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.

Mike also explains how long it takes to clear a credit card debt of £2,500 when making just minimum payments, the number of years is frightening.

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