BBC News
Launch consoleBBC NEWS CHANNEL
Page last updated at 13:11 GMT, Friday, 12 February 2010

Money Box Live: Debt and borrowing

debt
BBC Radio 4's Money Box Live
Wednesday, 17 February 2010 at 1502 GMT On Radio 4 and Online

On Wednesday's programme Paul Lewis put your questions about debt and borrowing to a panel of expert guests.

For many people debt problems occur when a change in circumstance means they can no longer afford their monthly payments on mortgages, credit cards and loans.

Debt charities the Consumer Credit Counselling Service (CCCS) and National Debtline both say that increasing numbers of people calling their helplines, are also falling behind with essential household bills such as council tax and utility payments. Calls to the CCCS helpline rose by 19% in 2009.

Life events such as redundancy, ill health, having children, relationship breakdown or bereavement can easily imbalance the budget, but ignoring debt makes the situation worse.

If you had a question about managing arrears or debts Paul Lewis and guests were here to help.

What can you do if you are falling behind with credit cards, bills or mortgage payments?

How do you prioritise debt and where can you find free, impartial advice?

Can you negotiate with your creditors?

If you have a credit card, is there a cheaper deal and how do you use balance transfers successfully?

Or perhaps you are facing insolvency or bankruptcy - what are the options?

The Law in England and Wales relating to bankruptcy is different to that in Scotland and Northern Ireland.

Paul Lewis was joined by:

  • Jasmine Birtles, Moneymagpie.com

  • Liz McVey, managing counsellor of CCCS Scotland and Scottish Debtline

  • Michael Park, money adviser, National Debtline

Presenter: Paul Lewis
Producer: Karen Kiernan



Money Box


SEARCH MONEY BOX:
 

Podcast

Download or subscribe to this programme's podcast

Podcast Help



SEE ALSO
Links and helplines
11 Feb 10 |  Moneybox
Personal insolvency 'record high'
05 Feb 10 |  Business
'Fewer people' default on credit
21 Jan 10 |  Business
Row brews over credit card limits
19 Jan 10 |  Business
Personal debts: your questions answered
10 Jan 10 |  Business
Credit card write-offs hit banks
19 Jan 10 |  Business
Banks win ruling on credit cards
31 Dec 09 |  Business

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit

banner watch listen bbc sport Americas Africa Europe Middle East South Asia Asia Pacific