- Monday, 26 April 2010People in debt could make savings through switching landline phone companies, reveals new research, and the money saved could help with
debt management.
Homephonechoices recently surveyed over 8,000 consumers and discovered that more than half were probably paying too much.
About 53 per cent revealed that they hadn't changed their home phone provider in the last five years, missing out on possible cheaper deals.
The comparison website estimates that over £350 million is being wasted on excessive line rental charges annually. A cheaper phone bill could mean more money to pay off other debts and assist with
debt management.
Michael Phillips, product director, said: "It is clear that line rental charges are being overlooked by consumers as a means to cut their household bills, yet it's one of the simplest services to switch and save money on."
He added that failure to switch to another phone company could result in millions of pounds being thrown away and that the amount saved would be surprising.
It is advised to search online for cheaper line rental every year or so. Saving money in a small way can make more money available to pay off other debts such as a broadband bill.
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Registered Office: 45 Clarendon Road, Watford WD17 1SZ
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