You are here: Home - Household Bills - News -

2011 was a record year for fuel debts

0
Written by:
01/06/2012
National Debtline has seen a significant increase in the number of people calling about fuel debts since it started recording the figures in 2004.

Debt advice charity the Money Advice Trust says its National Debtline has seen a significant increase in the number of people calling about fuel debts since it started recording the figures in 2004.

Seven years ago fuels debts accounted for just 2.7% of all calls to National Debtline, but last year that figure had increased to 13.7%.

As the prices for gas and electricity services have increased, the number of people struggling to afford to heat and power their homes has grown exponentially.

In 2011 more than 27,000 people contacted National Debtline for help with fuel debts. In January this year the helpline received a call for help with gas and electricity debts every five minutes its lines were open.

The Money Advice Trust is now warning consumers that they risk being cut off from gas and electricity if they fail to keep up with payments, and urging them to seek advice early to make sure this doesn’t happen.

Joanna Elson OBE, chief executive of the Money Advice Trust, says: “Increasing energy costs mean most of us have to pay increasing attention to how much gas or electricity we use and whether or not we have the right tariff. It is a serious problem in this country that so many people will be wondering whether they can afford to boil a kettle or turn on the heating.

“We are now taking well over 2,000 calls a month for help with fuel debts. The growth in the number of people struggling to meet energy bills reflects a sharp increase in prices over the last few years.”

Tag Box

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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

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...

Money Tips of the Week

Read previous post:
Avoid credit card pitfalls

Comparison website MoneySupermarket has conducted analysis into a range of costly credit card ‘pitfalls' to help people avoid paying over...

Close