Are you on top of your Direct Debits?

A survey by moneysupermarket.com has suggested that 38% of customers who use Direct Debit to manage their bills don’t know exactly how much money is leaving their account each month.

Moreover, 7% say that the last time they checked their statement they noticed a Direct Debit that they had forgotten about.

This is a wide-reaching issue with moneysupermarket.com saying that 95% of current account holders utilise Direct Debits and that Brits use them to pay a collective £13.7 billion every month.

 

Source:  Credit Action – January 2012 edition

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