Fuelled by the Corona crisis and Russia's war against Ukraine, inflation is increasing constantly and hit 5.5 % in February 2022 in the UK. According to a study by Chase Bank from April 2021 70% of consumers admit that recurring expenses make it easier to keep track of their expenses. However 55% of consumers are not aware of the amount of their subscriptions and other regular payments.
There is a high savings potential on regular payments. According to a survey by the Mirror, 84% of people in Britain did not realise they had signed up for a subscription in the past. According to This is MONEY, an incredible £39 per head and month goes to unused direct debits and standing orders. This equates to £25 billion each year in Great Britain which could be saved by just cancelling them.
Cutting expenses is often complex, time-intensive and stressful. In most cases consumers have 2 options, either switch to another service provider or stay with their current provider and get a better deal:
Switching to a new service provider means paperwork and increased risk on your side. This explains why 80% of people in the UK want to stay with their current provider if they can get a fair deal with them.
Renegotiating with your existing provider is often difficult because it is not following standard processes. Firstly you may struggle to find the right support channel which is followed by a long waiting time in their queue only to find out that their new offer isn't any better than what you already have. As most of us are not trained in negotiations, the result will often not be satisfying.
Did you already try to renegotiate your contracts with your service providers? What was your biggest success story?
We at Brevius want to help customers to always get the best deals by renegotiating with your current provider.
Sign up now at breviusapp.com and we will get you a better deal on your existing contracts. Just provide a bill and we will do the hard work for you. As we are still developing our MVP, we will only take a cut of 10% (instead of 30%) on the savings achieved.