You are here: Home - Household Bills - News -

Third of Brits receiving incorrect bills

0
Written by:
18/04/2008

A billing study by moneysupermarket.com has revealed that over a third of Brits received an incorrect household bill in the last year.

Despite supplier inadequacies, half of those surveyed said they still don’t check every bill they receive.

Rob Barnes, head of broadband and mobiles at moneysupermarket.com, said: “The staggering amount of people who’ve been hit with an incorrect bill only goes to show how inadequate some providers can be. Consumers are already facing increased living costs, the last thing they need is to be charged for something they never had.

“Worryingly, there are millions of people who still don’t check their bills, meaning they could be paying over the odds for a service they have never received. If you don’t check all your bills you’re leaving yourselves open to being taken advantage of.”

The research also showed Direct Debit is the most popular way to pay gas (48%), mobile (34%), landline (63%), electricity (54%) and credit card (25%) bills. However, with millions of unchecked and incorrect invoices landing in Britain’s letterboxes, consumers could be throwing away hundreds of pounds as Direct Debit payments are made automatically without question.

Of those who don’t use Direct Debit to pay for some or all of their bills, their main reason for choosing alternative methods of payment is to monitor how much they’re paying each month, with women (42%) keeping a closer eye on their payments than men (33%). A third feel Direct Debits reduce their control on their finances. A wary one in 10 do not trust their supplier enough to take the correct amount.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
A quarter of Brits commit car insurance fraud

One in four British motorists admit they’ve lied on an insurance application, according to research from insurance.co.uk, a comparison site.

Close