Bill debts 'increased in 2011'

In the current economic climate, many people could be struggling to make ends meet and keep on top of bill costs.

New data from the Money Advice Trust indicates this is particularly the case with water bills, with a 32 per cent increase in calls to their services regarding this matter in 2011.

It was warned the price of this utility is set to increase, which could lead to more people struggling and developing a bad credit rating.

Those who are concerned this situation will become a problem for them could set a strict budget plan in order to rein in their spending.

If this is successfully achieved and outgoings are prioritised, this issue could become simpler to manage.

Furthermore, bad credit history could be improved for those who take this step, as lenders will be able to see the individual can stay in control and avoid stress despite facing adverse circumstances.

Posted by Martin Peacock