Are incorrect estimates hampering your debt management plan efforts?

Are incorrect estimates hampering your debt management plan efforts?

Sunday 29th of November 2009

If you are finding that increasing bills means you have less cash to put towards your unsecured debt commitments - a problem which could be eased with a debt management plan - then you are not alone.

According to the Mirror, a third of all energy bills - £33 million worth - sent from suppliers could be wrong.

This is because they are based on their own estimates of how much gas and electricity you use, when in reality, this usage could be significantly lower and therefore your bills should be a lot cheaper.

If you are struggling to find the cash to clear your unsecured debt balances because of your need to pay energy bills then a debt management plan could prove to be of assistance.

By reducing the interest on personal loan and credit card repayments, a debt management plan could enable you to have more spare cash to put towards other financial needs.

One customer of npower found she was owed over £1,000 after she had been overpaying her bills, the newspaper explains, an amount of cash which could go some way to support debt management plan efforts.

By Neil Burton

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