logo
episode-header-image
Oct 2023
25m 5s

Rationing to pay debts and Bank Account ...

Bbc Radio 4
About this episode

Exclusive data for Money Box suggest that 1 in 5 UK adults have had to ration things like heating or electricity to keep up with their debt repayments. 1 in 8 have changed the food they eat for less healthy options. The survey, carried out by debt charity StepChange, found a third of adults say they are in financial difficulties, but half would be reluctant to contact their lenders to try to sort things out. We'll speak to the CEO of StepChange Vikki Brownridge.

Listeners who run community groups battle their banks over unexplained account closures. What are your rights?

Millions of pounds of Pension Credit has been claimed by thousands of people in London who didn't know they were eligible. A recent campaign saw 8,200 older households in 17 London boroughs receive targeted letters to make them aware that they might be able to get the benefit. As a result there were more than 2,000 successful claims, worth just under £8.4 million.

Plus, Money Box journalism leads to questions being asked in parliament over an energy scheme that thousands of people missed out on.

Presenter: Paul Lewis Reporter: Dan Whitworth Researcher: Sandra Hardial Editor: Jess Quayle

(First broadcast 12pm, Saturday 16th Sept, 2023)

00:00 Rationing to pay debts 08:40 Bank Account Closures 14:44 Energy Bills 16:59 Pension Credit

Up next
Nov 22
Infected Blood Compensation and Standing Charges
<p>Lawyers acting for victims of the infected blood scandal have written to the Chancellor demanding urgent action to avoid families and loved ones having to pay £100,000s in tax. The government has previously said compensation payments would not be subject to Inheritance Tax. Bu ... Show More
25m 1s
Nov 19
Money Box Live: First-Time Buyers
<p>For some it's the dream, for others it's the plan, for most it's an effort. On this programme we look at buying a first home. It's rarely easy but plenty of people are making the jump. The property site Zoopla says first time buyers accounted for 40% of sales in the first half ... Show More
28m 27s
Nov 15
Unauthorised Recurring Card Payments and Overpaying Mortgages
<p>The Chartered Trading Standards Institute is warning people to keep a close eye on their bank and credit card accounts after thousands of unsuspecting shoppers have said they're having money taken without their knowledge. Individual payments are usually quite low, but if not s ... Show More
24m 38s
Recommended Episodes
Jan 2022
Debt Paradox (Episode 134)
SUMMARY: Discover how personal and public debt has reached an inflection point. Richard Vague joins Andy to discuss realistic ways to reduce student loans, home mortgages, and small business debt.   SHOW NOTES: 2:42: How Is Personal Debt The Real Crisis? 4:48: What Is The Paradox ... Show More
29m 32s
Jan 2024
Being unbanked
How easy is it to open a bank account in your country? Around the world, 1.4 billion people can’t get a bank account, and two-thirds of them are in low and middle income countries. People from migrant communities also struggle to access formal banking services. We hear from 19 ye ... Show More
18m 24s
Apr 2023
MONEY DIARIES: A Decade in Debt to Dream Job
Forget everything you thought you knew, cause this Money Diarist is here to remind you that you write your own script! Growing up with a single mum with 9 credit cards, debt was normalised. She left home at 16 with nothing but the clothes on her back and lived off Centrelink and ... Show More
34m 23s
May 2022
Don’t Bank on Debt Forgiveness
Student loans are overwhelming so how do you deal with them? It’s easier to avoid those payment notifications and not think about it. We get it! Especially while President Biden has extended the pause on payments until August 31. But the best way to tackle your payments is to fac ... Show More
28m 18s
Aug 2021
4. “My wife didn’t know I had $450,000 of debt until yesterday”
John has a lot of debt. Wendy knew about the $450k he owed when they started their relationship, over ten years ago, but she only found out what the current number is the day before their call with me – and the number has gone up! She wants to help him pay it off but he refuses t ... Show More
49m 15s
Feb 2022
Debt relief: Who should foot the bill?
There’s a credit crunch facing dozens of the world's poorest countries: billions of dollars are now owed and some countries simply won't manage the repayments. So who should foot the bill? We speak with Sri Lankan businessman, Indika Merenchige, who imports vehicles in to Sri Lan ... Show More
17m 28s
Jul 2022
I’ve been defrauded - why won’t my bank refund me?
Record numbers of people are falling victim to online fraud attempts, but there are no guarantees that your bank will refund the lost money. Thirty-one-year-old Jenny was distraught when fraudsters impersonating her bank made off with her life savings of £17,000. Money Clinic hel ... Show More
25m 26s
Feb 2024
Money and Lifestyle Habits That Are Wasting Your Paycheck
Want to pay off your debt faster? Stick around! This week, you’ll learn five ways to speed up your debt payoff. Plus, don’t miss my #1 tip for never running out of money before your next paycheck, and Nisha Vora joins me to share some of her favorite grocery shopping hacks and af ... Show More
30m 29s