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 studioClive opens by asking Mike if those customers with payday loans from Wonga still have to pay the debts back. Clive then asks Mike who is most likely to buy the debt book from the Wonga after it recently went into administration as reports were emerging that Church of England (C of E) is an interested purchaser.

Mike explains why he feels it will not be the C of E that will buy the debt book but instead a consortium, possibly set up by the church, and if this takes place why this might be seen as contentious.

Mike reminded Clive that consumer debts are already being sold off cheaply all the time by the banks and credit card providers. The purchaser is always a debt collector who then goes on to claim 100% of the loan amount outstanding, so Mike asks why treat Wonga customers any differently?

How to listen for free

Read more: LBC with Clive Bull, Saturday, 15 September 2018

 

Mike ThomasMike Thomas was in the studio with Dave Monk just after 6pm offering help to those customers caught up in the Wonga Payday loan demise. Mike explained why Wonga are in trouble and what their customers can do if they already have loans as well as what chances they have of receiving any compensation on claims now that Wonga have gone into administration.

Mike then offers alternatives to payday loans illustrating the huge difference in cost when compared to a credit union. Mike closes going through the problems with credit card debt when people only make minimum payments and shows how a simple debt of £2,600 on a credit card can take up to 25 years and 7 months to repay.

How to listen

Read more: Listen - BBC Essex Drivetime with Dave Monk, 6.05pm 30/8/18

 

New figures from UK Finance reveal credit card spending went up 8.1% compared to last year with outstanding balances on the card also increasing by 5.3%. The warm weather and World cup football being one factor in the rise.

Total credit card debt up to December 2017 was 70.1Billion* and figures show that 55.6% of credit card balances were bearing interest at the end of 2017.*Figures from The Money Charity Feb 2018

Overdraft borrowing

Read more: Consumers take to credit cards as new figures show 8.1% increase in spending

 

Mike Thomas was talking to Darren about the Citizens Advice report on rising household debt. Mike goes through the debt options available to someone with debt problems and why consumers get into debt.

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.

Read more: LBC with Darren Adam 2am, 22 Aug 2018

 

Mike & Clive in the LBC studioBelow is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Monday, 27 August 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.

Read more: Free podcast now available - LBC Consumer Hour with Clive Bull, 9-10pm, Monday 27th August 2018

 

Mike ThomasMike Thomas spoke to Jonathan Vernon-Smith about the recently released report by the Citizens Advice on the rise in household debt and the use of Enforcement Officers (Bailiffs) to collect debts such as council tax. Mike then offers his view on bailiffs and explains why we need them to collect debts. Mike then explains how many consumers and households pay credit card debts in preference to council tax and other priority debts.

How to listen

Read more: Listen - BBC 3 Counties Radio with Jonathan Vernon-Smith 22/8/18 10.30 -11am

 

Mike Thomas with Clive Bull in the LBC studioMike & Clive in the LBC studio

Mike Thomas aka DebtWizard spoke to Clive Bull about the Police Federation of England & Wales report on how nearly 10,000 police officers have taken a second job to help pay debts, Mike then gives examples of how and why police officers get into so much debt.

How to listen for free

Read more: LBC with Clive Bull - Police Officers' Debt problems - 7 August 2018

 

A recent survey has revealed nearly 10,000 police officers have taken on a second job (7.8%), up from 6.3% on last year, because of lack of cash and the need to meet their debts.

The finding comes after an in depth survey was carried out by Police Federation of England and Wales (PFEW) with 27,000 police officers, nearly a quarter of all ranks ranging from constable to chief, between April and May of this year.

The survey also declared a staggering 44.8% of police officers said they are worried about the state of their personal finances either every day or almost every day.

One in nine unable to meet essential bills

Read more: Nearly 10,000 police officers take a second job to help pay debts

 

Mike & Clive in the LBC studioBelow is the free podcast from Mike Thomas's, founder of DebtWizard.com, appearance on LBC's Money Hour on Sunday, 5 August 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.

Read more: Free podcast now available - LBC, 8-9pm, Sunday, 5 August 2018

 

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.