Skip to main content
Apply Now

Being in debt can feel like taking on a full time job as suddenly you have to learn skills in order to manage money and to avoid sinking further into financial ruin. Most people are aware of luxury costs they can cut back on to save the pounds but there are also other costs you may have incurred simply through placing a little too much trust in your service providers.

Last year, in 2014, the average household was overcharged by £200 for basic utilities. Why? You may think this was due to being on the wrong plan, not claiming any fuel benefits you were entitled to or simply using a more expensive gas and electricity provider. Although all of these can impact on the amount you pay, they are not the reason behind this overcharging of a few hundred pounds a year.

Why Trust is Not a Luxury for Those in DebtSo what is?
Admin errors.

Administration errors could be costing you hundreds every year on your gas and electricity alone. This doesn’t include banks, water or other services such as broadband and telephone.

The admin errors can be due to a simple typo, an extra zero or a wrong charge. They can even be due to a miscalculation, especially when charged by KWH and other small units of power or fuel.

How to Stop the Admin Errors?

The only way to stop these admin errors is to become familiar with your pricing plans. You should work out how much you expect your bill to be before receiving a request for payment. Any discrepancy should be brought up with your service provider. This is where you’ll be grateful for choosing one with a reputation for good customer service as many can leave you hanging on the phone, hoping you’ll give up.

Backdating Charges

You could find, when looking over all invoices and bills for the last year you’ve paid over the odds for many services. A lot of people don’t view their bills in any real detail but these mistakes are making the banks and service providers millions. Make a point of checking previous bills and educate yourself on any charge you don’t understand.

When you’re forced to tighten your belt, you don’t have the luxury of trusting providers as these could further impact on your debt.

With Debt Consolidation Loans‘ help, you could be claiming back hundreds of pounds by the end of the day, now that’s worth a few hours personal paperwork!

We offer Debt Consolidation Loans for homeowners.

Our team is on hand to help with number of questions you may have.

If you are struggling with debt, please visit Money Advice Service for help and advice.

We are a broker, not a lender.

Visitors also read:

Coronavirus Debt | Debt Consolidation LoansDebt Solutions
April 2, 2020

Coronavirus Debt

With COVID-19 Coronavirus affecting everyone's lives, you might find that your financial situation isn't quite as secure as it was. Perhaps you felt that you were managing your loan and…
What to Do if You're Furloughed and in Debt  | Debt Consolidation LoansDebt Consolidation
June 15, 2020

What to Do if You’re Furloughed and in Debt 

furloughed and in debt Furloughed and in debt COVID-19 has had long-lasting, negative effects on the UK economy and many businesses have either had to fire or furlough their employees.…
How Much Debt is Too Much Debt? | Debt Consolidation LoansDebt Consolidation
June 11, 2020

How Much Debt is Too Much Debt?

How much debt is too much debt? Debt consolidation loans can help you out with any debt issues you may have, but it's important to recognise that they should only…
4 Tips to Get Your Personal Debt Consolidation Loan Approved EasilyDebt Consolidation Loans
December 24, 2020

4 Tips to Get Your Personal Debt Consolidation Loan Approved Easily

If you’re struggling with your finances due to high interest loans or multiple credit loans, then perhaps considering taking a personal loan to consolidate your debts can help you out.…
Save with Coupon Code OffersDebt SolutionsGuides
January 15, 2021

Save with Coupon Code Offers

SAVE WITH COUPON CODE OFFERS An integral part of taking out a debt consolidation loan is changing your spending habits (sometimes drastically) in order to prevent falling into debt again.…
Double Dip Recession PossibleBusiness Finance
February 2, 2021

Double Dip Recession Possible

Double Dip Recession Possible. The UK is in lockdown once again. However, while it’s hoped that this shutdown will impact the startling infection figures and high mortality rate, economists are…

Leave a Reply

four × two =

Close Menu