You are here: Home - Uncategorized -

Rising bills fuel the debt crisis

Written by:

The Consumer Credit Counselling Service (CCCS) has warned that rising household bills are forcing increasing numbers of people into debt.

It said that the average client is spending £32 a month more on utility and council tax bills than in 2003 and that the situation is set to get worse as recent wholesale gas and electricity price rises kick in.

Malcolm Hurlston, chairman of the CCCS, said: “For those on the brink of debt problems, any substantial increase in utility bills and council tax demands can have dire consequences and push them over the edge.

“Utility companies should consider freezing price increases for people who are on debt management plans.”


Tag Box




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:
Where there’s a will there’s a fray

One in 10 people in the UK have fallen out with a family member over an inheritance, a survey conducted by...