Christmas spending means overdue January bills
Published On 31 January 2007
Many January bills will go unpaid as people contend with a Christmas spend binge hangover, according to estimates from MoneyExpert.com.The independent financial comparison website believes that 1.45 million bills will remain unpaid until February.
The group also estimates that 332,000 credit card bills and 147,000 council tax bills will go unpaid.
Gas, electricity, water, mobile phone bills and rent are among other payments which may not be met, according to MoneyExpert.
Sean Gardner, chief executive of MoneyExpert.com, said: "Money is always tight in January. It's a difficult time and this can naturally lead to some people missing a bill payment."
He added: "Missing a bill might not seem a big deal but it won’t go away and often you'll be charged with a fee or extra interest if you don't pay up."
The average charge for a missed credit card bill is £12.
