Forgotten direct debits ‘costing billions’
‘FORGOTTEN direct debits and standing orders cost British consumers billions of pounds a year, a report has found.
New research has revealed that nearly one in five UK bank customers has “derelict debits” - costing them an average of £53 per month.
Almost half of all free-spending Britons admit they do not know who they are making payments to or exactly how much they are forking out.
The research conducted by TNS for the Prudential said that 19 per cent have been stunned to discover forgotten direct debits and standing orders on old club membership fees and former insurance premiums.
The average of £53 per person is equivalent to £427 million a month nationally.’
Read more at Forgotten direct debits ‘costing billions’
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