Debt problems from end of fixed rates

Many Britons could find themselves needing debt help if they don't check the end dates of their fixed price utility tariffs.

Deals from Scottish Power, EDF and British Gas are set to finish by the end of next month, so consumers need to start hunting for better deals now or risk financial problems which could arise from going onto a standard tariff.

Moneysupermarket.com advises that householders could find themselves nearly £200 (£196) down each year if they don't start shopping around for a better plan now.

By comparison, switching to a leading online deal may see them make an annual saving of nearly £350 (£348).

Scott Byrom from the website warns that timing is crucial when switching tariffs: "[Switch] too early and you could face termination fees of up to £75. Move too late and you might find yourself automatically moved to the standard deal or locked into a less attractive fixed deal which isn't competitive."

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