Forum Home» Energy

MSE News: Energy debts up three-fold in past four years

New Post Advanced Search

MSE News: Energy debts up three-fold in past four years

edited 30 November -1 at 1:00AM in Energy
2 replies 1.1K views
Former_MSE_HelenFormer_MSE_Helen
2.4K posts
edited 30 November -1 at 1:00AM in Energy
This is the discussion thread for the following MSE News Story:

"Charity the Money Advice Trust says it has seen a 181% jump in the number of people seeking advice for fuel debts ..."

Replies

  • brewerdavebrewerdave Forumite
    6.4K posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭✭
    Big problem is that Utility companies can allow these debts to build up over a relatively long period ( possibly 12 months or more) - can make the problem insurmountable when its recognised.They need to be much more proactive in ensuring that DDs are set at the correct amount etc
    Finance companies and their ilk (internet service providers,telecoms companies etc) are much "better" at jumping on debts early.Some react agressively if only one payment is missed
  • BargainGaloreBargainGalore Forumite
    5.2K posts
    1,000 Posts Combo Breaker
    ✭✭✭✭
    Whilst I agree with post 2 also energy prices in recent years have gone up a lot an what with past two years long winters and falling living standards due to inflation and low increases in wages this probably hasn't helped too
This discussion has been closed.

Quick links

Essential Money | Who & Where are you? | Work & Benefits | Household and travel | Shopping & Freebies | About MSE | The MoneySavers Arms | Covid-19 & Coronavirus Support