PPI Claims - About PPI

PPI Claim News - 10/5/2012

 
Loan claims: Utility bills 'are most confusing'

Although Brits may be confused by the billing of an insurance loan claim or PPI charges, utility statements leave them the most baffled.

This is according to a study by price comparison site GoCompare.com, which found mobile phone bills, as well as credit card charges and bank statements, were among the easiest expenditures to understand.

A total of 59 per cent of respondents to the poll argued firms deliberately make their bills confusing.

Furthermore, one-fifth of people will not read a receipt if they cannot understand it.

Head of energy for GoCompare.com Jeremy Cryer said: "Energy price calculations are complicated but there is no reason why companies can't explain their charges to customers using plain English."

"We all need to manage our outgoings proactively," he added.

Occupational psychologist Kim Stephenson recently argued youngsters ought to be taught how to manage money from an early age to reduce the likelihood of them entering financial difficulties in adulthood.

Charles Baker
Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801360574-ADNFCR



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