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Direct Debit... How long do they take to process?
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catieeb06
Posts: 576 Forumite
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.
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.
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.
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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.)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.
If you're referring to your 'credit score' neither directly affect it at all.does a standing order help your credit profile like I know a DD does.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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