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Paid TV would go before credit cards, study shows

Paid TV would go before credit cards, study shows

Category: Credit cards

Updated: 08/01/2009
First Published: 07/01/2009

This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The methods consumers would use to save money when in financial difficulty have been revealed in a new survey.

Direct Line conducted research into which services Britons would neglect to pay for, with more than a fifth citing paid TV subscriptions.

Eight per cent said they would fail to pay off credit card bills, while unsecured loans would be the first to go for two per cent.

And although just five per cent said they would default on home contents insurance, Direct Line warned that this equates to 1.2 million households that could find themselves in trouble.

"Being pennywise when buying your policy could lead to being exposed when it comes to making a claim," said head of the firm's home insurance division Andrew Lowe.

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