Families land in debt by £140 per month for mobiles
For some families in this technology-led era, smartphones can be a real trouble with many paying at least £140 a month for four handsets.
In the year 2007 only one in 25 calls amounting to 5800 calls a year to the Money Advice Trust were related to phonearrears.
Today, that figure has gone up to as many as one in resulting in 18,000 people calling their National Debtline about phone-related debts.
The smartphone which is considered one of life's essentials has become quiet a costly affair for some.
According to Chief executive Joanna Elson public should remember that the cost of smartphones are included in contract bills, meaning they were `in effect taking out a loan to pay for the handset'.
She explained: `When people fall foul of that monthly fee, they can find themselves with a growing debt problem.
`The figures suggest this is happening more often in line with more people taking out expensive smartphone deals.'
Shoppers must consider the affordability of a new contract and budget carefully before they buy a piece of gadget.
New Zealand News
- Hyundai Motor Corp to create ultra-fast EV charging network E-pit in Korea
- MGE gets six-month extension for South Korea’s Inspire Entertainment Resort development project
- Price of two cheapest trims of Tesla Model 3 electric sedan increased by $500
- Genting Malaysia asks employees to accept reduced pay; executives to take leave without pay
- Tesla to design & build affordable EV in China: Tom Zhu
- Norway’s ICE car sales decline as buyers making shift to EVs
- Pursang launches Retro-inspired E-Track Motorcycle for Euro 14,449 in Netherlands
- ElectReon successfully tests dynamic wireless EV charging system on public road in Sweden
- Volvo to design special Gothenburg Green City Zone for autonomous & related technologies