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News

Mike & Clive in the LBC studio

Below is the free podcast from Mike Thomas's appearance on LBC's Money Hour on Sunday, 15 April 2018, with Clive Bull. It's free to listen to.

How to listen

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.

Read more: Free podcast now available LBC - 8-9pm, Sunday, 15th April 2018

 

Ofgem, which consulted on this issue last year, has decided to ban all domestic and microbusiness suppliers from issuing backbills for energy used more than 12 months ago.

Although there has been a voluntary agreement for suppliers not to backbill for past 12 months it does not protect all consumers from receiving these bills, as some of the energy providers who have signed up do not always follow this agreement.

How the backbill is calculated

Read more: Ofgem bans suppliers from backbilling customers beyond 12 months

 

The Financial Conduct Authority (FCA) has imposed a fine of £1,976,000 on credit card lender, Vanquis, for failing to disclose the full price of an add-on product, called Repayment Option Plan (ROP). The firm will also repay an estimated £168,781,000 in compensation which constitutes the amount of the charges not disclosed to customers when they bought the ROP.

When selling the ROP, Vanquis told customers how the product worked and what the monthly charge was but did not inform customers that the full cost of the product included an interest component where there was an end of month unpaid balance on their credit card.

What exactly is Repayment Option Plan (ROP)?

Read more: Credit card lender forced to pay 169m back to customers

 

Mike ThomasMike Thomas, DebtWizard founder, spoke to Roberto Perrone about how and why police officers fall into debt, this following the arrest and conviction of Bedfordshire police officer Gary Suffling who has been sentenced to three years in prison for blackmailing a suspect for £1,000. Suffling, a police detective, claimed he had financial difficulties. Mike reveals the types of people and occupations he has helped and tells Roberto about one of his extreme cases whereby he save the police officer his job even though the officer had over £700,000 of debt.

How to listen

Read more: BBC 3 Counties Radio - Drivetime with Roberto Perrone - 4.15pm 23/2/18

 

Mike & Clive in the LBC studioBelow is the free podcast from Mike Thomas's appearance on LBC's Money Hour on Sunday, 18 March 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. 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.

Topics

Read more: Free podcast now available - Clive Bull - Money Hour - Sunday 8-9pm 18/3/18

 

Mike was in the studio from 4pm with Eddie Nestor helping listeners overcome council tax arrears and credit card debts, he took calls and text messages from listeners.

Topics

Council tax arrears, bailiffs/enforcement officers, consumer bankruptcy, income payment agreements (IPAs), statutory demand, Official Receiver's fees, trustee fees, cost to go bankrupt, credit card debts, debt management plans (DMPs), Individual Voluntary Arrangements (IVAs), Local Government Ombudsman (LGO), Debt & Mental Health Evidence Form (DMHEF).

Timeline

Read more: BBC Radio London - Drivetime with Eddie Nestor 4pm - 5pm, Thursday 15/3/2018

 

Your support is much needed - join the campaign on the link below.

Charities are calling for ‘Breathing Space’ scheme (currently out for consultation) to be extended to the 23,000 people battling debts while hospitalised due to their mental health last year.

New analysis of national data by the Money and Mental Health Policy Institute (MMHPI) estimates that 23,000 people in England were struggling in problem debt last year whilst in hospital for their mental health.

The MMHPI says this group of people are likely to be receiving calls and emails from banks, credit card companies, local authorities and other creditors whilst in acute distress, potentially feeling suicidal. Thousands more were in a similar position whilst receiving mental health crisis support in the community.

Read more: Join the campaign to stop people in mental health crisis being hassled over debt

 

Mike & Clive in the LBC studio

Below is the free podcast from Mike's appearance on LBC's Money Hour on Sunday, 11th February 2018 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 below to start listening.

Topics

Read more: Free podcast now available - LBC with Clive Bull - Money Hour Sunday, 8-9pm 11/2/18

 

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