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Credit card charges: Try to set aside money for utilities, expert suggests

Consumers looking to avoid credit card charges should try to set aside money to pay for utility bills, it has been claimed.

Justin Modray, of financial advice website candidmoney.com, claims that there is not much people can do about the increase of gas and electricity prices other than using less.

He said: "It's a case of reviewing your monthly spending and trying to set aside more money to cover your utility bills.

"Try to avoid raking up expensive debt at all costs, if you need to borrow try and get a zero per cent credit card if possible, or speak to your energy supplier and ask if they'll give you more time to pay."

Mr Modray added that people must remember to switch off high energy appliances when they are not in use and also fit low energy light bulbs.

His comments follow warnings by uSwitch.com, which said consumers could now be about to see all the big six suppliers inflict a second round of price hikes this year.

Amir Hussain

Amir specialises in personal loans, consumer debt and debt management.
 ADNFCR-2776-ID-800573585-ADNFCR



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