• Home
  • Start Here
  • About
  • FIRE
    • Investing
  • Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Coaching Series: Christina
    • Coaching Series: Jaymie
    • Coaching Series: Andrew
    • Coaching Series: Keith
    • Stats and Feedback
  • Rebel Finance School
    • RFS Financial Forecasting
    • Disclaimer
  • Blogs
  • Contact
    • FAQ
    • Press
  • The Extraordinary
    • Introduction
    • Chapter 1 Extraordinary
    • Chapter 2 We are where we are!
    • Chapter 3: If you want different results do different things
  • Debt Petition
  • Home
  • Start Here
  • About
  • FIRE
    • Investing
  • Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Coaching Series: Christina
    • Coaching Series: Jaymie
    • Coaching Series: Andrew
    • Coaching Series: Keith
    • Stats and Feedback
  • Rebel Finance School
    • RFS Financial Forecasting
    • Disclaimer
  • Blogs
  • Contact
    • FAQ
    • Press
  • The Extraordinary
    • Introduction
    • Chapter 1 Extraordinary
    • Chapter 2 We are where we are!
    • Chapter 3: If you want different results do different things
  • Debt Petition
ALANDONEGAN.COM
  • Home
  • Start Here
  • About
  • FIRE
    • Investing
  • Podcast
    • Podcast Season 1
    • Podcast Season 2
    • Coaching Series: Christina
    • Coaching Series: Jaymie
    • Coaching Series: Andrew
    • Coaching Series: Keith
    • Stats and Feedback
  • Rebel Finance School
    • RFS Financial Forecasting
    • Disclaimer
  • Blogs
  • Contact
    • FAQ
    • Press
  • The Extraordinary
    • Introduction
    • Chapter 1 Extraordinary
    • Chapter 2 We are where we are!
    • Chapter 3: If you want different results do different things
  • Debt Petition

Blog

Welcome to Alan Donegan's blog.  Start reading for help investing, financial independence, life style design and many mini-experiments!
Picture

    Author

    Alan Donegan: Rebel Business School Co-Founder, Rebel Entrepreneur podcast host, Rebel Finance School co-founder and Queen's award winner.  Marvel movie fan fanatic, breakfast lover and financial independent traveller

    Picture

    Archives

    June 2022
    May 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    August 2020
    July 2020
    June 2020
    May 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    August 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018

    Categories

    All
    Book Project
    Entrepreneurship
    FIRE
    Follow Your Dreams
    Fun
    Investing
    Project Hollywood
    Self Development
    Self-Development
    Seo-experiment

    RSS Feed

Back to Blog

Stop pushing debt on us

10/5/2022

 
When I was a young, I was forced to go to court to save my family's home from repossession.   My father had taken out loans for his business totalling £3.6M and secured them against our house.

When the business failed, he couldn’t repay the loans and the banks came after our house and took us to court. 

Trying to argue against a trained bank barrister (Mr Bond) in court was futile with a judge that had no patience with us. 
Picture
Watching the judge's gavel come down after he ordered a repossession was the worst moment of my life.   My Mum cried, I shouted at the judge he was wrong and we were told we had 1 month to move out. 

But we appealed and I represented the family in court as we couldn’t afford a lawyer. I learned as much as I could about law, made my case and we settled getting enough back for my Mum to have somewhere to live. . 

Ever since then, I've always seen debt as a dangerous thing. I've met many other people who have suffered. Some of them have lost everything.  Debt doesn’t just harm the debtors - it hurts their family, too. 

It is time to band the advertising of debt

This is why I’ve decided to fight the banks and financial institutions and demand a ban on advertising for high cost loans.  If you want to help us them please sign the petition here. 

I recorded the video on the right to explain why we are doing this.  

​The experience my family went through with debt is why I set up the Rebel Finance School. 
I want to help you overcome debt. I want to help people avoid debt before it happens to them.  I’d like people to develop a better relationship with money. 

And, in time, to make investments, which will lead to security and perhaps even financial independence. 

But preventing me from helping people is a massive industry determined to keep things as they are.  The banks plough millions into slick advertising campaigns encouraging people to take out loans.  

Credit cards, payday loans, store cards, buy now, pay later schemes - there are many words for these ideas, but there’s only one you need to know - debt.   There are teams of marketing executives working for these companies coming up with ways to package debt and sell it to you. 

Often these ‘deals’ come with very bad terms and people find themselves trapped into them for years.  We met one family that if they continued to pay their minimum payments they would NEVER  pay off the loans.  They would be in debt forever. 

Enough is enough. We are taking a stand. 

Myself, Katie my wife and the Rebel Finance School have launched a petition on Parliament’s website. 

We are demanding that lawmakers in Parliament pass laws to prevent the spread of this misleading and deeply damaging advertising.   We have banned the advertising of cigarettes to protect people.  It is time to do the same for debt. 

We're urging MPs to ban the advertising of all kinds of debt where the interest rate is 12% or more. This includes most credit cards, payday loans and a whole string of other expensive finance.  If we get this law to pass it is going to have far reaching and re-formative impact on the finance industry and positively on many people's futures. 

If you, like me, believe that debt is a bad thing, or perhaps have been harmed yourself, I urge you to sign this petition today.   Please help me stand up to the financial industry. 

Let's force the government to respond. 

Let's force a debate in Parliament. 

And let's make the banks start to behave themselves by getting new laws passed which prevent the advertisement of this damaging debt.  

Please sign the petition and if you would like to help us take a stand then please use the images below and the link to share the petition online.  We need 10,000 votes to get an official government response and 100,000 to get this discussed in parliament.  Please help me take a stand!

Sign the petition at on the Parliamentary website
In 2020 I wrote an article warning people of the debt being pushed on them.  I reached a few people but it hasn't made the change and protected people as I wanted it to.  With the cost of living crisis raging around the world now is the time to go further and take a stand. 
HUGE thank you to Jon and Corinne Card at Full Story Media for being the inspiration for this campaign and for helping us make it happen including with the writing of this article.  Thank you for inspiring us to take action. 
Comments
read more

Alan donegan

Home | About | Start Here | Podcast | FIRE | Contact | Podcast Season 1 | Podcast Season 2 | Stats & Feedback | Take Control of your Finances
Picture
Website Design by Developer Rocket
I built this website to share the life lessons I learn along the way, the cool stories, the adventures, the amazing people and everything I learn from all the stupid mistakes I make!  If you want to keep up to date then stick your email in below.  I promise to never share your email address or spam you!  Alan

SIGN UP FOR BLOG UPDATES AND TO FOLLOW ALAN ON HIS JOURNEY

Latest Blog's

Just start!  Get going! Investor Series

Vanguard Developed World versus Global index fund.  Investor Series​

The impact of fees on investments. Investor Series

* indicates required
Photos used under Creative Commons from Tone'o, bryan...