Monday, 2 July 2012

The £1.7bn daylight robbery: Utility firms claim paying by direct debit saves us all money. In fact we're being conned into lending them a fortune


Each time I receive an electricity or gas bill, it is accompanied by the same request from the utility company. Would I like to sign up to pay my bills by direct debit? Apparently it is the ‘modern’ way to pay.

The usual spiel is that it would save me money, be much more ‘convenient’ and I would never have to worry about late payment charges again. Many happily take up such invitations, which means more than 50 per cent of utility bills are now paid by direct debit.

But who benefits from this system?

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