Consumer must 'manage' debt

Compare tariffs and switch energy supplier in minutes

 
Compare energy deals and switch supplier to cut your energy bills by £447* a year - start saving money in a matter of minutes!

in partnership with Banner uswitch

Looking to switch your business energy supplier? Click here

* Between 1 Jul 2018 and 31 Dec 2018, at least 10% of people who switched energy supplier for both gas & electricity with uSwitch saved £447 or more.

Consumers must ensure that they are able to effectively manage credit - so as to safeguard themselves from unmanageable debt, a UK charity has said.

Frances Walker, from financial assistance charity the Consumer Credit Counselling Service (CCCS), says that many people get themselves into difficulties by misusing credit and failing to make sure they get the best deal.

"Credit is obviously here to stay. People have got to learn how to use credit properly," Ms Walker commented.

Talking about people who get themselves into debt problems she said that approximately "50 per cent is through misuse of credit".

"Sometimes it's unforeseen things that help people to go into debt."

"Where you have credit you're always going to have some element of over-indebtedness because you're always going to have the unexpected, like divorce, separation, or ill health, or whatever, so you really need a safety net in place to help those people out," she added.

Click here to run an energy price comparison, and see if you could be paying less for your gas and electricity.


Cookies help us deliver our services. By using our services, you agree to our use of cookies. Learn more