Articles by Mike Thomas

Can you trust last year's house repossession figures?

Wednesday, 23 February 2011 | Article

So its official then, the Council of Mortgage Lenders (CML) says that only 36,300 homes were repossessed throughout 2010, a drop of 24% on the year before.

New credit card rules could lead to backlash

Wednesday, 02 March 2011 | Article

New government rules surrounding credit cards are being brought in this month, impacting on around 30 million cardholders.

Debt Survival Kit

Tuesday, 23 August 2011 | Article

Recent research revealed that consumers with debt issues wait around nine months before they actually go and get debt advice, then take a further five weeks before they act upon it.

Should I tell my fiancée that I am an ex bankrupt?

Thursday, 06 January 2011 | Article

One day last week my phone went off, it was an old client of mine called Steve: "Mike. I'm in love, due to get married, got a problem though".

Is MBNA guilty of coercing and bullying non payers?

Friday, 17 December 2010 | Article

The CEO of MBNA Europe is having dinner with a top banking executive, and up pops the question, "How's business then?"

The dangers of balance transfers

Friday, 10 December 2010 | Article

Transferring £6,500 worth of expensive credit card debt to a new provider offering a 0% interest rate makes sense, doesn't it? It would seem that by slashing the interest you pay on your debts there's nothing to lose.

Bankrupts to pay more under coalition government

Friday, 03 December 2010 | Article

As from 1 December thousands of consumers made bankrupt in the UK will have to pay more towards the cost of the administration of their affairs through Income Payment Agreements (IPAs).

Government announces changes to debt relief orders

Friday, 26 November 2010 | Article

Edward Davey, Minister for Employment Relations, Consumer and Postal Affairs has announced changes to the Debt Relief Orders to allow those debtors with approved pensions access to the DRO procedure.

How to check your credit record

Friday, 19 November 2010 | Article

Keeping your credit file in tip-top condition is a bit like servicing your car, if you don't look after them both then they will eventually let you down, when you least expect it.

The loan company stopping you watch X-Factor!

Friday, 12 November 2010 | Article

How do you fancy paying back your debts by watching television? Well around 100,000 people do just that through a firm known as Buy-As-You-View (BAYV) which has its head office in South Wales.