Debtors could save £1k this year, survey shows

Those struggling with debt management issues may be able to save £1,000 by the end of 2010 if they make good financial resolutions at the start of the year.

This is according to a survey conducted by Which?, revealing that “significant savings” could be made by shopping around for better deals on products such as car insurance and broadband.

Editor with the company Martyn Hocking suggested that a good new year’s resolution would be to “face your finances head on”, advising people not to accept “mediocre service”.

“Vote with your feet and take your business elsewhere if you’re not happy,” he said.

The Which? study found that money could be kept back by opting for free water meters, searching for the cheapest petrol and changing energy suppliers.

And solving debt problems was recently found to be a favourite resolution for Britons at the start of a new year.

Go Compare discovered that 32 per cent of people in the UK plan to do this in 2010.

By Sarah Adie