Money saving expertMartin Lewisis often on hand to help those struggling with the cost of living crisis that has gripped the country. Recently, he shared his hack tosave £200 on a holiday– even if its already been booked.
Now, the consumer champion has issued a warning to anybody who has an energy bill paid by direct debit.
Martin, 50, spoke to Alison Hammond and Dermot O’Leary onThis Morningto share his warning for those who use the payment method for bills for certain energy companies.
Ofgem has found four of them to have "serious weaknesses." Martin added: "They have weaknesses in their processes, so there is action happening on direct debits.
"We would expect direct debits to go up – if it has gone up by more than 100 per cent, they are being asked to review it. So if it is you, and yours has gone up by more than 100 per cent, the company should be reviewing it."
The financial expert also shared how an energy rebate is coming. The help comes just after he warned of a "catastrophic" future that will "cost lives".
Mr Lewis says the energy cap is predicted to rise 65% in October, taking typical bills to £3,240 a year.
Martin added: "The latest prediction for October is up 65% from where we are now, taking a typical bill to £3244. It will then rise again by 4% in January to £3,300 and probably start to drop but only by 5% next April."
Meanwhile histip to save money on holidayshas gone down well with those heading away for the summer.
The secret is to keep a tab on hotel prices to find out if they decrease before you’re due to travel.
If your hotel book has free cancellation and you see that the price has lowered since you booked, it may be worth cancelling your current booking and then rebooking at the lower price.
Sharing the tip on Moneysavingexpert.com, Martin explained: “If the price of your hotel has dropped and your booking allows free cancellation, simply rebook for less.
“Check the latest prices on comparison sites Skyscanner, Kayak, and TripAdvisor – and keep checking before you go.”
As always, it’s important to check your booking’s terms and conditions in case there are any booking charges or unwanted fees attached to cancelling.
Alternatively, it’s also worth seeing if the website you have booked with provides a price match guarantee.
If so, this typically means that they will refund the difference in price if you find the same room type and terms for cheaper.
According to Martin’s money saving website, such websites include Booking.com, Ebookers, Hotels.com, and HotelsCombined.
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Martin Lewis explains trick to save £200 on your holiday – even if you’ve already booked
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