Households can save hundreds on bills with AI switching service

Households across Britain are reporting they're saving 'loads of money' through an AI-driven service that handles the entire bill-switching process. With an 'Excellent' rating on Trustpilot, the platform is earning recognition for eliminating the effort typically associated with securing competitive rates on vital household expenses.

As the cost-of-living crisis continues to burden families, many have already cut back on non-essentials such as takeaways and dormant subscriptions. However, financial advisers suggest one of the most significant drains on budgets frequently goes overlooked: remaining locked into expired energy, mobile and broadband contracts that steadily increase in cost.

This problem impacts millions, primarily because researching alternative tariffs is laborious and providers rarely make it straightforward for customers to identify when they're being overcharged - which is precisely where Nous.co steps in. The artificial intelligence-powered money management platform is built to identify exactly where families are spending excessively and subsequently take action.

By examining basic information about users' properties and utility costs, Nous claims it calculates potential savings and autonomously locates better-value contracts on their behalf, transferring them across without the typical complications. Research conducted by Nous indicates that an average household beyond contract terms on essential services could be unnecessarily spending approximately £781 annually.

This encompasses approximately £276 on broadband, £240 on mobile contracts and £265.44 on energy bills, according to the company. For countless households, these savings slip through the cracks annually simply because there isn't sufficient time or mental capacity to monitor renewal dates and fluctuating tariffs, reports the Mirror.

After users provide their details, Nous claims it tracks bills, spots when customers are overpaying, automatically transfers them to superior deals and maintains vigilance over contracts to prevent them from rolling onto costly tariffs again. That said, there are alternative providers in the market offering comparable services.

Take Uswitch, for instance - a British price comparison platform. It assists consumers in reducing expenses by comparing tariffs across multiple sectors including energy, broadband, mobile, insurance and personal finance products.

Then there's Switcheroo, which operates along similar lines, as the service hunts down superior deals, enabling shoppers to trim their outgoings. They specialise in energy, broadband and mobile services, assisting households with potentially reducing their monthly expenditure.

Nous, though, as noted earlier, has garnered impressive ratings on Trustpilot. One customer remarked: "Brilliant service - saved me loads of money and did all the hard work for me!"

Another testimonial read: "Nous literally does everything for you, (they) find the best prices then do the switches... and even when you ask a question that isn't something they can help with, they will direct you the right way. Fabulous."

One user deducted a star from their rating, stating: "Was wary but followed an Instagram ad and signed up. Couldn't help with my energy or mobile phone due to the deals I was already on, but successfully used (it) to switch broadband provider and all went smoothly without hassle!"

They added: "Ended up with a cheaper bill, but I might've liked a choice of eg. two or three cheapest offers, or even just to have been told more than the final quote/cost to reassure it was the best available, but the time it saved me is worth that tiny element of wonder of if there was another option. Still waiting to hear about the included rewards/cashback that was included in the new customer contract though."

However, the majority of users expressed satisfaction, with one sharing: "Found me a great saving on my energy bill and kept me informed all the way through the process. Hoping they can save me more money on my household bills."

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