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PPI Claim: Credit Action concerned about rising costs

Payment protection claims may be needed by many homeowners who are already on the poverty line as energy prices are expected to increase.

Consumer Focus reported that energy company Ovo has increased the amount it will charge its customers.

Adam Scorer, the director of external affairs at the group, said the news was worrying for households.

"Ovo customers will be disappointed but not shocked by this announcement. An energy price rise is always unwelcome news, but this is lower and later than other suppliers' increases," he added.

The charity recently published its debt statistics for October. The figures revealed that the average household in the UK was £55,822 in debt and consumers in the UK are paying £175 million in interest every day.

People could also make a credit card claim if they were missold protection insurance.

Currently in the UK there is £1.278 billion on credit card balances, according to the charity's figures.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt. ADNFCR-2776-ID-800778441-ADNFCR

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