Debt: The Truth

Roger D Wallis
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Forty years inside the UK debt and insolvency industry, told by someone who worked in it, owned practices in it, sold the products, and turned against them. Presented by Ruth Callaway and Terry Ainsworth, the show works through what the paperwork actually says — the fees taken before a creditor sees a penny, the Debt Relief Orders closed off on a twenty-five pound margin, the arrangements signed in under two minutes — and what it costs the people at the other end of it. (Powered by Jellypod)

Episodes

  1. 4d ago

    The 30-Second Trap Behind Mis-Sold IVAs

    This episode exposes how social media ads and misleading lead generators can push vulnerable people into costly IVAs instead of cheaper debt solutions like Debt Relief Orders. It also walks through the paperwork audit, complaint routes, and key warnings for challenging a mis-sold arrangement without making things worse.

  2. Aug 28

    Why the Free Debt Route Is Getting Shut

    Roger Wallis breaks down why IVAs are rising while debt relief orders and breathing space registrations are falling, and how the insolvency industry’s incentives shape the options people are offered. The conversation digs into the costs, the fee structure behind IVAs, and how small budgeting adjustments can push someone out of the free route and into a five-year paid arrangement.

  3. Aug 28

    Mandatory Membership of a Private Club

    The government's bailiff announcement of 27 August 2026, read properly. Certification now depends on accreditation by the Enforcement Conduct Board — a private, levy-funded company with no statutory footing, which 96% of firms had already joined. What that reaches, what it cannot do, and the two things it leaves entirely alone: fees, and the creditor who instructs.

  4. Aug 27

    The Margin: Three Documents, Three Reasons

    A retired man of seventy-one is told three different things about why a Debt Relief Order is not open to him. His proposal says he was eligible and declined out of conscience. The statutory advice record says the option was not available. The letter setting out his alternatives says he could afford more than seventy-five pounds a month. The real disqualifier was his car, valued in the firm's own statement of affairs at more than twice the limit their own letter recites. It is named nowhere. Ruth Callaway and Terry Ainsworth follow the money ten months in — nine hundred and eighteen pounds collected, of which the creditors have seen a hundred and eighty-five — and close on the only question he asked of his own accord in the entire process, and the answer he was given. The Margin. Four minutes, one case, one number.

  5. Aug 24

    How Benefit Claimants Get Trapped in Mis-Sold IVAs

    This episode exposes how benefit claimants are being funneled from social media ads into unsuitable IVAs, with lead generators and insolvency firms profiting while debtors shoulder the risk. It also lays out a practical path to challenge mis-sold arrangements, from auditing suitability paperwork to escalating complaints through the right regulators.

  6. Aug 20

    The Hidden Cost of Debt Advice

    This episode exposes how online debt ads funnel vulnerable people into costly IVAs through unregulated lead generators, false charity branding, and hidden commissions. It also explains how to review your paperwork, spot mis-selling, and challenge poor advice if a fee-free option like a Debt Relief Order was ignored. Show Notes Insolvency 'scams' – what to look out for: https://insolvencyservice.blog.gov.uk/2024/01/17/insolvency-scams-what-to-look-out-for/

  7. Aug 19

    Origin Story: Avco, Dr Gavin, and the Label

    Roger Wallis traces his path from police officer to lender, and how one missed blood test shaped his view of debt and insolvency.

  • 7 Episodes

About

Forty years inside the UK debt and insolvency industry, told by someone who worked in it, owned practices in it, sold the products, and turned against them. Presented by Ruth Callaway and Terry Ainsworth, the show works through what the paperwork actually says — the fees taken before a creditor sees a penny, the Debt Relief Orders closed off on a twenty-five pound margin, the arrangements signed in under two minutes — and what it costs the people at the other end of it. (Powered by Jellypod)

Information

  • Creator
    Roger D Wallis
  • Years Active
    2026
  • Episodes
    7
  • Rating
    Clean
  • Copyright
    © Copyright 2026 Debt: The Truth
  • Show Website
    Debt: The Truth