Energy prices given as debt reasons

Online energy 'sales' are coming to an end, meaning that homeowners risk debt as they pay for vital services like electricity and gas.

This warning comes from Confused.com, who suggest that the market has "bottomed out", meaning many more people will be seeking debt solutions as utility prices go up and up.

Lisa Greenfield from the comparison website notes that "wholesale gas prices are rising and we're seeing the removal of some of the market's best deals and a possible move away from fixed tariffs, which is an ominous sign."

She goes on to advice customers to find a good fixed tariff now, before they’re replaced by variable ones, which could leave people seeking debt advice.

Kevin Still, director of Atlantic Financial Management, says: "We would recommend that anyone who hasn't already looked at saving money on their energy costs should do so whether you have debt problems or not.

There is no doubt that energy, fuel and insurance costs are representing a bigger proportion of essential household expenditure reducing disposable income and creating the need for debt solutions in a very tough economy for UK consumers."

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