THERE are many ways you can claim cash back for bills and subscription services — but you may not be familiar with them.
And with the cost of living crisis, there’s no better time to find out what they are.
Energy bills are currently capped at £2,500 thanks to the Energy Price Guarantee.
That dictates the annual bill of the average household.
That cap will rise to £3,000 in April, but canceling subscriptions and finding other ways to claim money back could help massively in the long run.
An expert told The Mirror the steps you should take to make that much-needed cash back.
There are certain conditions that you should be aware of when terminating a contract.
You should first think about why you are canceling. Usually it is either:
Whatever the reason, you will only get a refund if you explain clearly why the company did not meet your expectations.
Consumer expert Martyn James said: “There are many laws, regulations and rules that relate to the sale of goods and services, how they are advertised, what both parties ‘get’ and whether you can get a refund or compensation. “
But if you read the fine lines, you might find that some rules and clauses in some contracts seem unreasonable.
The Consumer Contracts Regulations state that if you sign up for a new subscription or annual contract online, you have 14 days to cancel afterwards.
You will normally receive a full refund within this period.
You can expect a refund if:
A full list of exceptions can be found on MoneySavingExpert.
There’s a catch, however: under the Consumer Contracts Regulations, you’re not guaranteed a refund if the subscription is for “accommodation, transport and leisure services purchased for a period of time”.
This includes holidays and travel.
It’s been a law since 2014 that all subscriptions must be actively subscribed to – so if you think you’ve accidentally signed up, you could be owed money.
Always check your bank account first to make sure there aren’t any bills you’re not familiar with.
This can even happen with a free trial that you forgot to cancel.
James said: “There is no definitive legal right to a refund of previous payments but in the absence of proof you can always ask and try to negotiate one.