- Wednesday, 26 August 2009UK consumers that do not pay enough attention to their day-to-day household bills could find themselves entering into an
individual voluntary agreement (IVA).
It has been suggested by uSwitch.com that Britons are not dedicating enough time to making sure that they are on the best-value deals.
In light of the economic climate, particularly rising unemployment, excess expenditure on expensive utilities contracts can be highly detrimental.
Louise Bond, personal finance expert at uSwitch.com, said: "With unemployment levels running high, some people are still struggling to cover their household bills every month and generally make ends meet.
"Consumers really do need to take action and an easy place to start is to make sure they are getting the best deal from all of their providers from energy to credit cards right down to current accounts."
A survey from National Savings and Investments shows that more Brits are paying closer attention to their bank accounts, with 50 per cent of women and 41 per cent of men knowing their exact balance.
Recent IVA News23% of first-time buyers save for five years to raise a depositWed, 04 May 2011
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Parents, including those with Finance Management, advised to start saving for children's weddingsTue, 03 May 2011
Newlyweds may be in need of Finance Management plans after overspending on weddingTue, 03 May 2011
Renting rather than buying may be an option for Brits with Finance Management Thu, 28 Apr 2011
Consumers coping with Finance Management may want to shop around for cheap energy tariffsWed, 27 Apr 2011
Increasing number of Brits turning to loans for home improvementsWed, 27 Apr 2011
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