Longer mobile phone contracts could benefit those with debt problems
Longer mobile phone contracts could benefit those with debt problems
- Tuesday, 12 April 2011Choosing an 18 month-long mobile contract could help Brits currently seeking
debt advice save money.
According to Ernest Doku, technology expert at price comparison site uSwitch.com, many consumers do not realise they are paying too much for their phones until they have already settled into a contract.
He said: "With some phones, I'd advise that it's sometimes better to maybe opt for an 18 month contract - you have to pay some money up front.
"If you look over the course of about two years or 18 months, you're actually saving by paying up front for the device and paying a smaller tariff in the long run."
Therefore, Brits including those with
debt problems, may like to shop around for the best mobile tariffs rather than choosing one which offers a free phone as this can cost more in the long run.
Mr Doku made these comments after the national Billmonitor report revealed that 76 per cent of UK mobile subscribers are on the wrong tariff, wasting on average £194.71 each over the year.

Recent Debt Management Plan News
56% of Brits have no life insurance which could leave family with debt problems
Wed, 04 May 2011More than half of UK adults currently have no life insurance cover, which could mean their loved ones are left with
debt problems when they die...
Brits thinking about retirement advised to seek debt advice
Tue, 03 May 2011Consumers considering their retirement options have been advised to seek professional advice, as they may end up with
debt problems in the future...
Brits planning to attend a wedding should start saving to avoid debt problems
Thu, 28 Apr 2011Consumers concerned about getting into
credit card debt to pay to attend a wedding may want to use their savings instead...
Couples planning their big day can avoid debt problems by negotiating a cheap wedding
Wed, 27 Apr 2011Couples-to-be worried about needing
debt advice in the future after paying for a wedding can ensure they avoid accruing
debt problems by negotiating a cheap wedding...