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Latest News
<< Most Recent Articles
Over 6m bills unpaid since 2007
Millions of bills went unpaid last year as household budgets became tighter, new research has revealed.
Of all household bills, people mostly overlooked their council tax in the second half of last year, with 2.3 million people either failing to pay or paying late, according to research conducted by YouGov for MoneyExpert.com, whereas 1.3 million people found it hard to pay energy bills on time.
With rising gas and electricity prices and the ongoing credit crunch, people may start to find it even harder to pay the bills, which may have serious consequences for many consumers, the financial advice website has warned.
Sean Gardner, chief executive of MoneyExpert.com, said: "Paying one bill late is not something to panic about. But if you find this is becoming something of a habit then you need to take action.
"Missing bills can have serious consequences, whether it's losing a service altogether or even ending up in court."
Nearly three million people in the UK failed to make their credit card payments, causing them to pay out £35 million in fees, according to YouGov statistics provided by moneysupermarket.com.
See how much you could borrow with a Lombard Direct loan.
© Adfero Ltd
09/01/2008 12:20:50
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