Energy providers hoarding our cash - even Girls Aloud in PVC outfits can't help!
Which? Money have accused energy suppliers of using our money as ‘interest free loans’, storing up customers’ cash paid via monthly direct debit until they’re in significant credit.
Martyn Hocking, editor of Which? Money, said: “It seems incredible that energy companies can take hundreds of pounds more than they need to from their customers, and profit from the interest that this money will earn at our expense.
“Even though interest rates are low at the moment, it is still possible to get more than 3% interest in a best-buy instant access savings account. While times are tough, people would benefit from having this money in their own account rather than in their energy suppliers.”
Overly excessive direct debit payments tops the list of customers’ gripes against the energy providers, with around a quarter of us in credit by more than £100 to these grabbing scum-suckers. Using a comparison site like uSwitch might help you find a cheaper provider as well as bagging you a few quid when your current provider is forced to cough up what they owe you when you hot-foot it off to one of their rivals.
Girls Aloud were unavailable for comment.