OLD AGE PILLAGERS

That’s the name of the student film I’ve been cast in. It was inspired by the real-life story of two Scottish pensioners who entered into a life of petty crime, apparently just for fun. Move the action to Porthcawl on the Welsh coast and the result will be a 10-minute short, which is a final-year project for students at the International Film School Wales, part of the University of Wales. We started rehearsals last Friday and shooting begins on 22 March. I have been impressed with the professionalism of the production; the whole project has already been running for several months. Details in www.oldagepillagers.webs.com

THESPIAN INTERLUDE

Having taken part in the world-famous – well, Bristol-famous – Hotwells Panto in March last year has reawakened an interest in acting. Thanks to that entirely positive experience, I was inspired to audition for, and was lucky to get a part in, Theatre Raconteurs’ production of Richard III just before Xmas. Directed by the visionary Tristan Darby – watch out for the name, folks – that was the most professional production I’ve ever been involved in, by a country mile. Meeting and working with so many really talented and in most cases very experienced actors could not fail to be a learning experience, so I decided to audition for a couple of short (10-minute) student films. I’ve been lucky enough to be cast in both of them, moreover. “One More Kiss, Darling” is being shot in Bristol in mid-March; the title comes from a Van Halen record in the 70s, used in the soundtrack of a famous film whose identity I have forgotten. And “Old Age Pillagers” is being shot just afterwards, in Porthcawl on the Welsh coast.

MR MICAWBER LIVES!

Yesterday I was spending an evening with friends when one of them said he’d just started to read the free edition of “Back To The Black”. I asked what he thought of it so far and he said what friends do, that he liked it. However, he said, there was one thing missing. Naturally, I wanted to know what was missing.

“The bit where you advise people to work out how much they can afford to spend … and then spend a little less.”

Barry was right; I hadn’t specifically advised people to do that. However, I had instead quoted the dictum of Mr Micawber. In case you’re not a fan of Dickens, Mr Micawber was a character from “David Copperfield”, who famously said, "Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and sixpence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds, ought and six, result misery."

My friend is a very well-read guy but the message was that I should perhaps have been a little more direct with the advice.

GIGS AND CLOAKS

Last night to the Metropolis in Bristol (UK), a beautifully restored former cinema that is home to Jesters Comedy Club. Last night, though, was a special treat for fans of Steely Dan. The performance by their UK-based tribute band Nearly Dan was great, though the sound was nothing like as good as it had been at their previous Bristol venue, the rather scruffier but atmospheric Fleece.

My only other gripe about last night: on a cold night in January, everyone arrived well wrapped up. Those of us who’d arrived early enough to get a seat at the small number of tables were OK; they could drape their jackets, coats etc over the backs of their chairs. For the majority, who had to stand, no such luck. They had to dump their coats on the floor, keep them on, or pile them on one of the few empty chairs.

That prompted a thought; is it only in the UK that we seem to forget that in winter the weather can get cold? Is it only in the UK that venues will welcome punters and the money they’ve paid for admission and will spend over the bar, but provide nowhere for them to put their coats? Theatres generally have a cloakroom but cinemas don’t. As for pubs, I know a few (old-fashioned) pubs where there are jacket-hooks and coat- hooks on walls and under the bar, but they are an exception.

End of moan. It was indeed a great evening. Highpoint, for me and many others, was a superb trumpet solo in an extended version of “Hey Nineteen”. I was keen to find out the name of the player; the band’s website indicates it could have been either Phil Nicholas or Steve Parry. Sadly, due to the imperfections of the venue’s sound quality and / or my hearing, I couldn’t make out the name when he was credited by the leader. Memo to self; must get my hearing checked out again.

DEBT ADVICE BACKLOGS IN THE UK

When I was doing that second radio interview with Heart FM earlier this week, an instructive fact about the state of our economy cropped up.

I was talking to Heart’s Rob Mayor about the necessity for Brits with debt problems to get tailored and impartial advice, preferably from one of our excellent independent advice organisations within the charity / voluntary sector. The best-known examples at the national level are probably CAB (Citizens Advice), CCCS (Consumer Credit Counselling Service) and National Debtline. I also said that a face-to-face interview was better than a phone helpline, especially for anyone starting to get to grips with the problem for the first time.

However, just before we started to record the interview, I had a call from Citizens Advice in response to an earlier enquiry of mine. As Rob and I had just been talking about the recession, I asked my CAB contact what was their current waiting time for a face-to-face debt advice interview. The answer was 3 - 4 weeks; longer than usual and a sign that the effects of the recession will be with us for quite a while yet. Phone help is, of course, available a lot more quickly.

"BACK TO THE BLACK" UPDATE

Yesterday I was working with Jenny Layton, who's giving me fantastic help with the text-editing of Edition 2 of "Back To The Black", i.e. the complete content as an e-book. I am still hoping we'll get the file uploaded by the end of February.

After that the next project will be a podcast and an audio version of the complete book.

This morning I did another interview with Heart FM, this time with Rob Mayor. This came about because Heart felt that the issue of "Payday Loans" needed exploring further. We talked about why people are tempted by such loans, the benefits on which they are sold, and the well-known disadvantages of the astronomical interest rates. Those rates could be affordable if it's the only game in town AND if the loan really is repaid really quickly, i.e. on payday, but if it's rolled over then the problem starts.

We talked about credit unions as an alternative to high-street lenders or to payday loans.

I also stressed the need to take advice, preferably from an independent, impartial (i.e. not-for-profit) advice service such as the local CAB (Citizens Advice Bureau, for the benefit of any readers of this blog who are not in the UK) or CCCS (Consumer Credit Counselling Service) or National Debtline. Then the need to formulate a plan with the aid of that advice, and to inform the creditors that is what you're doing and ask them to freeze interest while that's happening. If you don't ask you don’t get, but many debtors spend too long in denial (and I was one) and don't communicate, which makes the situation worse.

All this is the kind of advice that most people have read lots of times; however, my hope is that when the complete book is published, people will view the advice in a different light because of what I say about where I went wrong. In fact the book’s subtitle could even be “Learn from my mistakes”.

"BACK TO THE BLACK" UPDATE

Belated posting about another radio interview, following the launch of the free edition of “Back To The Black”.

This was with Heart FM in Bristol, (formerly GWR FM Bristol) who sent their reporter Chas Rowe to interview me at home. The station had told me that clips / soundbites from the interview would be broadcast during their news bulletins last Monday, i.e. 18 January, aka “Blue Monday”. This is a day which has apparently been “scientifically proven” to be the most depressing day of the year. Heart FM said that the launch of my book was a good news story they’d like to run on that day, which was encouraging to hear.

Apart from the questions I’d expected, was one about payday loans: would I advise anyone cash-strapped at the end of January to take out one of these loans? This is a tricky matter: anyone considering any such loan must have exhausted all other possibilities. These loans, for sums up to £1000, are known to carry very high interest rates but they are marketed as instantly available, which of course is very attractive when things are tight.

If the sum is repaid very quickly then paying that interest may be better than having to default on the mortgage or a credit card bill; the problem arises however if the sum isn’t paid quickly. I said that if anyone was in a situation where they saw no alternative solution by month-end, then they could take the loan provided they immediately set in place a debt management plan, e.g. with the help of Citizens Advice, or CCCS (Consumer Credit Counselling Services), or some other local independent debt advisory service, and then repaid that loan as a first priority.

For the record, an online resource lists the top 5 payday loan providers ranked by “rough estimate of lender’s approval rates”. The APRs of these lenders varies from 994% to 2339%.

For extra info see a posting on the MoneySavingExpert website:

http://www.moneysavingexpert.com/news/loans/2010/01/loan-sharks-leaving-victims-in-debt-all-year

Finally, credit unions are an alternative and much cheaper source of short-term finance that people in this situation could look at. Here in Bristol (UK), for example, they can be found at http://www.bristolcreditunion.org/ and offer loans from £100 to £7500. Their website says: “By law credit unions cannot charge any more than 2% per month on the reducing balance of a loan. This represents a maximum interest rate of 26.8% APR (Annual Percentage Rate), and that is the most you will ever pay on your loan.”