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.
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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