UK Money News

17th January 2007
January bills 'should not be ignored'
Consumers who put off paying bills in January could end up in a more difficult personal finance situation as a result, one firm is warning.
Price comparisons site Moneyextra.com has asserted that many people are tempted to ignore bills after the new year as a result of over-zealous Christmas spending.
It estimates that in 2007 as many as 5.5 million householders "skipped a bill" and risked damaging their credit report as a result.
"One missed payment is forgivable but if it becomes a habit it could mean you get turned down for credit or get charged a higher rate," the company explains.
It adds that although avoiding a bill might seem to provide short-term help with money, it could result in a utility supplier withdrawing its service.
Meanwhile, uSwitch.com has stated that as many as 12.5 million households continue to miss out on the cheapest energy deals because they fail to switch.
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