Unpaid bills put pressure on households
January 10, 2008 by admin
Filed under News, News-Banking
Household budgets are being squeezed with millions of bills going unpaid in the last six months, say financial experts. 
Findings from MoneyExpert.com reveal that as many as 6.9 million bills have gone unpaid since June last year.
Sean Gardner, chief executive of MoneyExpert.com, said: “For some time we have been waiting to see how the financial squeeze would affect the average household.”
“Nearly seven million unpaid household bills is a fairly conclusive sign that we are feeling the effects,” he added.
Figures showed that out of all the bills, most people are likely to miss paying their council tax, with one in twenty admitting to having paid it late or not all in the past six months.
However, a further 1.39 million people have said they have had difficulty in meeting payments on household bills such as gas and electricity in the second half of 2007.
Meanwhile, additional research from MoneyExpert.com has revealed that up to 2.6 million consumers plan to start the New Year by transferring their credit card debts.
