Millions of Bills Not Paid in 2007
Many families felt the pinch of tighter budgets last year and consequently did not pay all their bills, according to recent research.
The most frequently overlooked of all household bills was the council tax. Research conducted on behalf of MoneyExpert.com by YouGov indicates that 2.3 million people paid late or did not pay at all. Energy bills proved to be a problem for 1.3 million people.
As the price of gas and electricity climbs and credit becomes tighter, Britons may have an even more difficult time making their repayments. The financial advice website warns that this can have serious consequences for consumers.
According to Sean Gardner, chief executive of MoneyExpert.com, it is not disastrous to pay one bill late. However, regularly making late payments is a sign of trouble.
People who miss a payment may lose access to a service or even end up in court, warns
Moneysupermarket.com reports that approximately three million people in the