British consumers currently owe more than £22 billion to finance houses, retailers and on credit cards. People are urged to 'live now, pay later', but the cost is often measured in legal action.
How have people got themselves so deeply into debt? Is the credit bubble about to burst?
Valerie Singleton talks to the borrowers and the lenders, to the 'victims' of the system and to those trying to help them. Ann Andrews , of the Birmingham Money Advice
Centre, and Seymour Fortescue, a senior executive with Barclays Bank, respond to listeners' questions and comments. Phone [number removed]. Lines open from
6.0 pm to 9.0.
Producer BRIAN KING BBC Pebble Mill