Channel 5 TV Show

[Stigman]

9pm Tonight - My Spiral Into Debt Hell

 

Documentary about four people whose lives have been destroyed by debt, from a lady in the clutches of a loan shark to a spendthrift City boy (going to be polite so far and not pass judgement - ok then, Guilty, no sympathy), single mum and benefits claimant.

 

No series link so it looks like a one-off documentary.

 

Stigman

[BankFodder]

http://www.channel5.com/shows/my-spiral-into-debt-hell/

[citizenB]

Did anyone watch this ?

[cynic09]

Tragic stories to be sure, but somewhat superficial approach by Ch5. Many on this very forum could tell similar if not worse tales of the obscenity that is the financial services industry

[fletch70]

I watched it and thought it was poor journalism . It did show that anyone can get into debt doesn't matter what your background. It also shows the evils of easy gambling . I do not think that they explored the reasons that the debts became what they were as I am sure there were many charges added . The spiral into serious debt is all to easy and until you have been there and fooled yourself that you can control it and manage it you can not imagine the damage it does . Just as a drug addict starts by saying they can quit at any time , I always thought that I could sort it, until they sky fell in

[citizenB]

I find it quite astonishing that the Disabled guy was given so much credit when the Bank knew that he was on benefits and had no other income !

[citizenB]

I couldnt believe that the the loan shark was able to pretty much escape from justice.

 

He was able to do a deal and escape blackmail charges down to harrassment. 51 weeks prison suspended for 2 years - how does that send a message to Loan sharks !

 

I am also wondering why the Debt management company put the young lass on an IVA rather than a Debt relief Order if her debts totalled just £15,000 ? With no job, then her disposable income probably didnt exceed £50.00 either ?