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  • FIRST POST
    catieeb06
    Direct Debit... How long do they take to process?
    • #1
    • 27th Aug 09, 7:44 PM
    Direct Debit... How long do they take to process? 27th Aug 09 at 7:44 PM
    Ok, I currently send a small sum to a charity every month, they send the DD instruction to take the funds out of my account on tuesday, thing is, I dont know when it will come out of my account.

    They gave me the option of paying by standing order if it works out better for me but does a standing order help your credit profile like I know a DD does.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it.
    This signature is here as I follow MSE's Mortgage Adviser code of conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
Page 1
    • Paul_Herring
    • By Paul_Herring 27th Aug 09, 8:58 PM
    • 5,948 Posts
    • 2,672 Thanks
    Paul_Herring
    • #2
    • 27th Aug 09, 8:58 PM
    • #2
    • 27th Aug 09, 8:58 PM
    hey send the DD instruction to take the funds out of my account on tuesday, thing is, I dont know when it will come out of my account.
    DD's take 3 working days to set up, and on the last day the money is seen leaving your account and appearing in the other account. (As distinct from a SO where the delay may be 3 days.)

    does a standing order help your credit profile like I know a DD does.
    If you're referring to your 'credit score' neither directly affect it at all.
    Conjugating the verb 'to be":
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