Debt management needs could rise will failure to understand bills
Debt management needs could rise will failure to understand bills
Friday 28th August 2009
According to uSwitch.com, only 14 per cent of people can successfully add up an energy bill - despite being allowed to use a calculator.
The ability to understand household bills and control one's finances is essential for people looking to stay one step ahead of the perils of the recession.
Failing to calculate bills could lead to over-charging and over-spending and, ultimately, financial difficulty.
Ann Robinson, director of consumer policy at uSwitch.com, said: "You shouldn't need to be an 'A' grade student to be able to understand your energy bills. It's deeply worrying that only 14 per cent of people have passed what should be a straightforward test."
As a result of uSwitch.com's findings, more than 7,000 people have signed a petition to make energy bills simpler to understand and fill out.
Those people who are struggling to keep a track of their outgoings - whether through a lack of understanding or not - could find speaking to a debt management specialist of help.
In ordering all bills and getting to grips with the intricacies, people might find that they can regain control of finances that may have got away from them as a result of either the recession or bill misunderstandings.
News article brought to you by Debt1 – UK debt management specialists
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