Episode published: 03/09/08 |
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Do you have a hunch that the credit crunch will munch more than your lunch? David thinks you might have! This week The Kuo is talking about debt, specifically – debt caused by mortgage arrears and home repossessions.
Chris Tapp from
Credit Action and
Donna Werbner, The Fool’s deputy editor, join David in the studio this week. We discuss who’s to blame for the credit crunch and find out just how many people are now at risk from the threat of home repossession.
Chris flags up to homeowners some of the warning signs that they should be looking out for. There are also tips on what to do if you find yourself getting into repayment difficulties, budgeting and how to avoid overstretching your finances.
Chris Tapp (left), David Kuo (centre) and Donna Werbner (right) in The Fool's podcasting studio
As mentioned by David in this week's show, here's the moment when David and Chris met on BBC Breakfast News recently, talking about pay day loans.
Web Links Mentioned In This Epsiode
As Donna mentioned, if you need to look at your budget and spending commitments, our
statement of affairs calculator is a handy way of figuring out where your money is going.
For a modern twist on keeping a spending diary why not try downloading
Credit Action’s free Spendometer for your mobile phone, as Chris suggested.
Have you got a comment about this episode? Have you tried using the Credit Action Spendometer? Why not share you views below.
Edited at 2008-09-03 17:25:39
