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Free podcast now available - LBC, 8-9pm, Sunday, 1 July 2018

Sunday, 1st July 2018

Mike & Clive in the LBC studio

Below is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Sunday, 1 July 2018, with Clive Bull. It's free to listen to. On this show, Mike, aka DebtWizard, talks to Clive about the latest news affecting consumers with debt issues, takes calls, texts and emails from listeners around the country.

Topics & Timeline

We have added 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. Just move the timer on the podcast below to the part of the show that interests you the most. All news bulletins have been removed by LBC.

Topics

Triggers for getting into unmanageable debt, Debt & Mental Health Evidence Form Bailiffs/Enforcement Agents, Bailiffs three tricks to get into your home, debt options, Financial Ombudsman Service (FOS), New - The Pre-Action Protocol (PAP) for Debt Claims, credit / store card debt, debt solutions, debt management plans (DMPs), Individual Voluntary Arrangements (IVAs), consumer bankruptcy, Debt Relief Orders (DROs), Statutory demands, Income payment agreements/orders (IPAs IPOs) payment protection insurance (PPI), Citizens Advice Bureau (CAB), Christians Against Poverty (CAP), National Debt Line and StepChange.

The Money Hour - Sunday 1 July 2018 (47 mins with news bulletins removed)

 

Time line

The show opens with Clive asking Mike about the kind of people he can help with debt problems, you will be surprised at some of the occupations. Clive then asks Mike what are the key triggers for people to get into unmanageable debt and what are their options to help them deal with their debt problems. Mike goes through consumer bankruptcy, the cost to go bankrupt and how a bankrupt can be asked to still make payments up to a period of three years. Mike then goes through the options of an Individual Voluntary Arrangement (IVA), how it works and then comments on Debt Relief Orders (DROs).

08:57 Call 1 Cara in Bromley was looking for information after the three payday loans taken out just before Christmas at £1,000 each and now they are a combined total of £13,000. 

24:50 Question from Lee, "Who completes the Debt & Mental Health Evidence Form, is it the person with the debt or a medical practitioner?"

26:42 Call 2 William in Edgeware, wanted to know his options after taking out a loan for £5,000 two years ago, now lost his job and his brother is guarantor. They are both receiving threatening letters and texts.

34:01 Call 3 Danny in Uxbridge is being chased by HMRC for an old tax debt of £17,000.

37:30 Call 4 Peter in Ealing said he has limited income, beyond retirement age and wanted information for his £60,000 on four credit cards, saying he has been paying £1 pcm on them since 2008 and has just about had enough.

44:40 Question, "I'm in an IVA does that sever my joint tenancy?"

45:20 Question, "Re the Debt & Mental Health Evidence Form, how does this relate to other loans and where can you get this form?"

Please note

The advice/information offered in this show is for your guidance only you should seek your own independent and financial opinion.

Are you in debt but don't know where to start?

If this is you then we offer 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.

You can see the full five point guide here In debt? Don't know where to start?

Where to get 'not for profit and free debt advice

If you need more information on how to best manage your debts then look at our list of the 'not for profit and free' free debt help / advice agencies, they will not charge you fees for debt options.

Mike's blog on the show

“My £3,000 of payday loans are now £13,000,” and “I have £60,000 on four credit cards paying just £1 per month, what can I do?” These were just two of the calls to my recent Money Hour on LBC, Sunday 1 July 2018. Read blog here

Next LBC Money Hour

Sunday, 8-9pm 5th August 2018.

More radio shows

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Twitter

Mike Thomas @debtwizard

Clive Bull @clivebull

LBC @LBC

 

 

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